615 Monterey StSoledadCA93960
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderNot flashy, but dependably profitable, 615 Monterey St, Soledad, CA, 93960 in Soledad is listed at $549,999 and delivers $3,632/mo in rent and $230/mo in net monthly cash flow. The 7.93% yield and 1.47 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $151,955 over five years, and $5,066/yr in principal reduction supplements cash return. Total projected cumulative return: $223,349.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 7.2% |
| Monthly Cash Flow | $230 | $400 |
City averages based on Soledad market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,632 |
| Total Monthly Debt Service | $3,184 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
3,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93960, Soledad, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,319 (100%) |
| Owner Occupied HU | 3,009 (56.6%) |
| Renter Occupied HU | 2,113 (39.7%) |
| Vacant Housing Units | 197 ( 3.7%) |
| Median Home Value | $603,564 |
| Average Home Value | $647,328 |
Housing Distribution
Address Breakdown
Residential
4,817
Single Family
4,699
Multi-Family
118
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1910
3,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93960, Soledad, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,319 (100%) |
| Owner Occupied HU | 3,009 (56.6%) |
| Renter Occupied HU | 2,113 (39.7%) |
| Vacant Housing Units | 197 ( 3.7%) |
| Median Home Value | $603,564 |
| Average Home Value | $647,328 |
Housing Distribution
Address Breakdown
Residential
4,817
Single Family
4,699
Multi-Family
118
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Juan Humberto Orozco Lopez • M2 Realty Group
Mls Name: MLSListings Inc
Mls ID: #ML82031684