64 Del Mesa Carmel, Carmel, CA, 93923 | 7.27% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Carmel at 64 Del Mesa Carmel, Carmel, CA, 93923 generates $5,752/mo in rent, after a $4,650/mo payment. Total monthly income is $5,752/mo. Return on cash invested sits at 19.58% in year one, and rental yield is 7.27% on a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 101.03% and total cumulative return in cash sums $315,782. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,752/mo property income rather than buyer’s personal income.

Condo

Built in 1968

1,255 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 93923, Carmel, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,097 (100%)
Owner Occupied HU	5,047 (50.0%)
Renter Occupied HU	2,136 (21.2%)
Vacant Housing Units	2,914 (28.9%)
Median Home Value	$1,784,061
Average Home Value	$1,684,688