399 Laurel LnSalinasCA93908
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 Salinas at 399 Laurel Ln, Salinas, CA, 93908 priced at $899,000 pairs $4,828/mo rent with after a $4,400/mo payment. Total monthly income equals $4,828/mo. Return on cash invested is 17.09% in year one, and rental yield stands at 6.44% on a $899,000 basis. Equity gained on principal adds $5,801/yr, and 5% annual appreciation accumulates to $248,377 by year five. Five-year ROI measures 87.66% and total cumulative return in cash reaches $259,270. For financing, Ziffy Mortgage’s DSCR program evaluates $4,828/mo property income against a $4,400/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
0.69 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: Susan Lubin-Brownlie • Coldwell Banker/Gay Dales
Mls Name: MLSListings Inc
Mls ID: #ML82022669