402 Watson St APT 6MontereyCA93940
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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 Monterey at 402 Watson St APT 6, Monterey, CA, 93940 offers a 6.31% rental yield on a $656,000 purchase with $3,448/mo rent. 05% in year one. Equity gained on principal adds $4,233/yr while 5% annual appreciation supports $181,241 over five years. Portfolio math shows five-year ROI at 67.36% and total cumulative return in cash at $145,369. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,448/mo property income against a $3,211/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
866.84 sqft lot
$N/A/sqft
$650 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93940, Monterey, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 5,474 (36.0%) |
| Renter Occupied HU | 8,085 (53.2%) |
| Vacant Housing Units | 1,636 (10.8%) |
| Median Home Value | $1,052,750 |
| Average Home Value | $1,188,289 |
Housing Distribution
Address Breakdown
Residential
15,034
Single Family
13,351
Multi-Family
1,683
Businesses
2,778
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Listed by: Anthony Glenn • Glenn Properties, Inc.
Mls Name: MetroList Services of CA
Mls ID: #225119140