616 Sage CtPacific 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 616 Sage Ct, Pacific Grove, CA, 93950 priced at $950,000 pairs $4,313/mo rent with after a $4,650/mo payment. Total monthly income equals $4,313/mo. Return on cash invested is 14.06% in year one, and rental yield stands at 5.45% on a $950,000 basis. Equity gained on principal adds $6,130/yr, and 5% annual appreciation accumulates to $262,467 by year five. Five-year ROI measures 71.41% and total cumulative return in cash reaches $223,178. For financing, Ziffy Mortgage’s DSCR program evaluates $4,313/mo property income against a $4,650/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
N/A 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: Amber Russell Kerchner • Over the Moon Realty, Inc
Mls Name: MLSListings Inc
Mls ID: #ML82018794