3850 Rio Rd APT 7CarmelCA93923
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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 Carmel at 3850 Rio Rd APT 7, Carmel, CA, 93923 listed at $1,029,000 pairs $3,884/mo rent with a $5,036/mo payment. Total monthly income runs $3,884/mo. Return on cash invested measures 11.44% in year one, and rental yield registers 4.53% at a $1,029,000 basis. Equity gained on principal adds $6,640/yr, and annual property appreciation at 5% supports $284,294 by year five. Five-year ROI tracks 57.32% and total cumulative return in cash totals $191,100. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,884/mo property income relative to a $5,036/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1976
1,717 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93923, Carmel, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,097 (100%) |
| Owner Occupied HU | 5,047 (50.0%) |
| Renter Occupied HU | 2,136 (21.2%) |
| Vacant Housing Units | 2,914 (28.9%) |
| Median Home Value | $1,784,061 |
| Average Home Value | $1,684,688 |
Housing Distribution
Address Breakdown
Residential
6,043
Single Family
5,541
Multi-Family
502
Businesses
707
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Listed by: Blake Russell • Sothebys International Realty
Mls Name: MLSListings Inc
Mls ID: #ML82010018