66 Pelican PointWatsonvilleCA95076
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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 Watsonville at 66 Pelican Point, Watsonville, CA, 95076 offers $3,124/mo rent that, after a $4,234/mo payment. Total monthly income is $3,124/mo. Return on cash invested measures 10.67% in year one, and rental yield stands at 4.33% at a $865,000 entry. Equity gained on principal adds $5,582/yr while 5% annual appreciation compounds into $238,984 by year five. Five-year ROI records 53.25% and total cumulative return in cash reaches $151,551. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,124/mo property income versus a $4,234/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95076, Watsonville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,961 (100%) |
| Owner Occupied HU | 12,096 (48.5%) |
| Renter Occupied HU | 11,111 (44.5%) |
| Vacant Housing Units | 1,754 ( 7.0%) |
| Median Home Value | $774,250 |
| Average Home Value | $938,782 |
Housing Distribution
Address Breakdown
Residential
22,811
Single Family
21,245
Multi-Family
1,566
Businesses
1,912
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Listed by: Spomenka Zaninovich • Sunset Properties
Mls Name: MLSListings Inc
Mls ID: #ML82009770