685 Larkin StMontereyCA93940
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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 Monterey at 685 Larkin St, Monterey, CA, 93940 at $149,995 posts ROI 116.52% with $4,003/mo cash flow from $4,931/mo rent. Total monthly income equals $4,931/mo, and annual cash flow records $48,039/yr on $49,723 to close. Return on cash invested measures 116.52% and rental yield reads 39.45% at the current $149,995. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,441 by year five. Five-year ROI prints 620.99% and total cumulative return in cash totals $308,776.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,931/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
4,620 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93940, Monterey, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 5,474 (36.0%) |
| Renter Occupied HU | 8,085 (53.2%) |
| Vacant Housing Units | 1,636 (10.8%) |
| Median Home Value | $1,052,750 |
| Average Home Value | $1,188,289 |
Housing Distribution
Address Breakdown
Residential
15,034
Single Family
13,351
Multi-Family
1,683
Businesses
2,778
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Listed by: Gene Raffanti • Eugene Raffanti, Broker
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81981932
Disclaimer: Based on information from the MLSListings MLS as of 2024-10-15 22:59:54 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.