33 Deer St UNIT 7SalinasCA93906
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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
Investment property for sale in Salinas at 33 Deer St UNIT 7, Salinas, CA, 93906 uses $164,093 cash to close to unlock $7,689/yr annual cash flow and $641/mo monthly cash flow. Total monthly income runs $4,124/mo, and a $2,423/mo payment keeps the spread at $641/mo. Purchase price stands at $495,000, and rental yield measures 10% with $4,124/mo rent. Return on cash invested shows 24.59% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 129.07% and total cumulative return in cash records $211,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,124/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Condo
Built in 1995
680 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93906, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,556 (100%) |
| Owner Occupied HU | 9,176 (49.5%) |
| Renter Occupied HU | 8,759 (47.2%) |
| Vacant Housing Units | 621 ( 3.3%) |
| Median Home Value | $644,358 |
| Average Home Value | $745,036 |
Housing Distribution
Address Breakdown
Residential
17,761
Single Family
15,603
Multi-Family
2,158
Businesses
903
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Listed by: Ruben Venegas • Excel Realty Inc.
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #225086788
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