57 Carmel AvenueSalinasCA93901
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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 Salinas at 57 Carmel Avenue, Salinas, CA, 93901 at $900,000 posts ROI 16.05% with from $4,579/mo rent. Total monthly income equals $4,579/mo. Return on cash invested measures 16.05% and rental yield reads 6.11% at the current $900,000. Equity gained on principal adds $5,808/yr, and 5% annual appreciation supports $248,653 by year five. Five-year ROI prints 82.14% and total cumulative return in cash totals $243,204. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,579/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1939
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93901, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 4,339 (39.1%) |
| Renter Occupied HU | 6,104 (55.0%) |
| Vacant Housing Units | 661 ( 6.0%) |
| Median Home Value | $758,452 |
| Average Home Value | $876,198 |
Housing Distribution
Address Breakdown
Residential
10,686
Single Family
8,645
Multi-Family
2,041
Businesses
2,450
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Listed by: David Huddleston • AXEN Realty
Mls Name: TCMLS
Mls ID: #239255