321 Pine AvePacific GroveCA93950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Pacific Grove at 321 Pine Ave, Pacific Grove, CA, 93950 priced at $1,260,000 pairs $5,150/mo rent with after a $6,167/mo payment. Total monthly income equals $5,150/mo. Return on cash invested is 12.6% in year one, and rental yield stands at 4.9% on a $1,260,000 basis. Equity gained on principal adds $8,131/yr, and 5% annual appreciation accumulates to $348,115 by year five. Five-year ROI measures 63.53% and total cumulative return in cash reaches $259,353. For financing, Ziffy Mortgage’s DSCR program evaluates $5,150/mo property income against a $6,167/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
3,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93950, Pacific Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,117 (100%) |
| Owner Occupied HU | 3,252 (40.1%) |
| Renter Occupied HU | 3,449 (42.5%) |
| Vacant Housing Units | 1,416 (17.4%) |
| Median Home Value | $1,218,586 |
| Average Home Value | $1,311,521 |
Housing Distribution
Address Breakdown
Residential
7,786
Single Family
6,800
Multi-Family
986
Businesses
1,054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Russell Group • eXp Realty of California Inc
Mls Name: MLSListings Inc
Mls ID: #ML82030668