379 Corral De Tierra RdSalinasCA93908
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.52% yield at 379 Corral De Tierra Rd, Salinas, CA, 93908 in Salinas is solid, but the $2,631/mo payment compresses net cash flow to $47/mo at $585,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $161,625 by year five, and $5,388/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.39) without U.S. income documentation. Total projected return: $224,847.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.5% |
| Monthly Cash Flow | $47 | $400 |
City averages based on Salinas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,666 |
| Total Monthly Debt Service | $3,386 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1945
2.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93908, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,124 (100%) |
| Owner Occupied HU | 3,967 (77.4%) |
| Renter Occupied HU | 856 (16.7%) |
| Vacant Housing Units | 301 ( 5.9%) |
| Median Home Value | $1,065,046 |
| Average Home Value | $1,174,842 |
Housing Distribution
Address Breakdown
Residential
4,842
Single Family
4,578
Multi-Family
264
Businesses
207
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
Single Family
Built in 1945
2.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93908, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,124 (100%) |
| Owner Occupied HU | 3,967 (77.4%) |
| Renter Occupied HU | 856 (16.7%) |
| Vacant Housing Units | 301 ( 5.9%) |
| Median Home Value | $1,065,046 |
| Average Home Value | $1,174,842 |
Housing Distribution
Address Breakdown
Residential
4,842
Single Family
4,578
Multi-Family
264
Businesses
207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLSListings Inc
Mls ID: #ML82038846