659 San Tomas Way SSalinasCA93901
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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 659 San Tomas Way S, Salinas, CA, 93901 at $906,000 posts ROI 14.89% with from $4,320/mo rent. Total monthly income equals $4,320/mo. Return on cash invested measures 14.89% and rental yield reads 5.72% at the current $906,000. Equity gained on principal adds $5,846/yr, and 5% annual appreciation supports $250,311 by year five. Five-year ROI prints 75.89% and total cumulative return in cash totals $226,199. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1968
7,901 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: Shaun Alston • Eagle Realty
Mls Name: MetroList Services of CA
Mls ID: #225064967