53 Ocean Pines Ln UNIT 53Pebble BeachCA93953
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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
Rental property for sale in Pebble Beach at 53 Ocean Pines Ln UNIT 53, Pebble Beach, CA, 93953 priced at $1,250,000 converts $6,949/mo rent into after a $6,118/mo obligation. Total monthly income equals $6,949/mo. Return on cash invested prints 15.63% in year one, and rental yield reads 6.67% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 80.69% and total cumulative return in cash sums $326,785. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,949/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$815 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93953, Pebble Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,074 (100%) |
| Owner Occupied HU | 1,646 (53.5%) |
| Renter Occupied HU | 325 (10.6%) |
| Vacant Housing Units | 1,103 (35.9%) |
| Median Home Value | $1,728,618 |
| Average Home Value | $1,695,705 |
Housing Distribution
Address Breakdown
Residential
2,302
Single Family
2,180
Multi-Family
122
Businesses
134
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Listed by: Monterey Peninsula Home Team • KW Coastal Estates
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81972980
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 20:27:44 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.