56 Glen Lake DrPacific GroveCA93950
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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 Pacific Grove at 56 Glen Lake Dr, Pacific Grove, CA, 93950 generates $4,890/mo in rent, after a $5,869/mo payment. Total monthly income is $4,890/mo. Return on cash invested sits at 12.56% in year one, and rental yield is 4.89% on a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation builds toward $331,262 over five years. Five-year ROI reaches 63.35% and total cumulative return in cash sums $246,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,890/mo property income rather than buyer’s personal income.
Townhouse
Built in 1987
897 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93950, Pacific Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,117 (100%) |
| Owner Occupied HU | 3,252 (40.1%) |
| Renter Occupied HU | 3,449 (42.5%) |
| Vacant Housing Units | 1,416 (17.4%) |
| Median Home Value | $1,218,586 |
| Average Home Value | $1,311,521 |
Housing Distribution
Address Breakdown
Residential
7,786
Single Family
6,800
Multi-Family
986
Businesses
1,054
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Listed by: Daniel Maltsev • Compass
Mls Name: MLSListings Inc
Mls ID: #ML82027564