570 Casanova AveMontereyCA93940
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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 Monterey at 570 Casanova Ave, Monterey, CA, 93940 priced at $979,000 converts $4,975/mo rent into after a $4,792/mo obligation. Total monthly income equals $4,975/mo. Return on cash invested prints 16.03% in year one, and rental yield reads 6.1% against a $979,000 entry. Equity gained on principal adds $6,317/yr, while 5% annual appreciation compiles into $270,480 by year five. Five-year ROI reaches 82.01% and total cumulative return in cash sums $264,142. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,975/mo property income covering a $4,792/mo payment, not borrower’s personal income.
Single Family
Built in 1952
4,125 sqft lot
$N/A/sqft
No 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: Tom Duggan IV • Realty One Group Infinity
Mls Name: MLSListings Inc
Mls ID: #ML82010791