624 Hartnell StSalinasCA93901
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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 624 Hartnell St, Salinas, CA, 93901 listed at $829,000 pairs $3,705/mo rent with a $4,058/mo payment. Total monthly income runs $3,705/mo. Return on cash invested measures 13.8% in year one, and rental yield registers 5.36% at a $829,000 basis. Equity gained on principal adds $5,349/yr, and annual property appreciation at 5% supports $229,037 by year five. Five-year ROI tracks 70.04% and total cumulative return in cash totals $191,020. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,705/mo property income relative to a $4,058/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
6,700 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: Michele Whitehead - Samples • eXp Realty of California Inc
Mls Name: MLSListings Inc
Mls ID: #ML82016173