629 Chaparral StSalinasCA93906
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
Investment Highlights
Investment property for sale in Salinas at 629 Chaparral St, Salinas, CA, 93906 with 5% annual appreciation on a $615,000 basis while $4,622/mo rent supports operations. Total monthly income totals $4,622/mo and a $3,010/mo payment preserves $818/mo for cash returns. Annual cash flow comes to $9,811/yr on $202,335 deployed, and return on cash invested reaches 24.91% in year one. Equity gained on principal adds $3,969/yr, and five-year appreciation sums $169,913 alongside rental yield of 9.02%. Five-year ROI measures 129.62% and total cumulative return in cash totals $262,265.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,622/mo property income versus a $3,010/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93906, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,556 (100%) |
| Owner Occupied HU | 9,176 (49.5%) |
| Renter Occupied HU | 8,759 (47.2%) |
| Vacant Housing Units | 621 ( 3.3%) |
| Median Home Value | $644,358 |
| Average Home Value | $745,036 |
Housing Distribution
Address Breakdown
Residential
17,761
Single Family
15,603
Multi-Family
2,158
Businesses
903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna Ingraham • Century 21 A Property Shoppe
Mls Name: MLSListings Inc
Mls ID: #ML82025419