70 Forest Ridge Rd APT 22MontereyCA93940
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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 Monterey at 70 Forest Ridge Rd APT 22, Monterey, CA, 93940 priced at $875,000 pairs $3,993/mo rent with after a $4,283/mo payment. Total monthly income equals $3,993/mo. Return on cash invested is 14.14% in year one, and rental yield stands at 5.48% on a $875,000 basis. Equity gained on principal adds $5,646/yr, and 5% annual appreciation accumulates to $241,746 by year five. Five-year ROI measures 71.86% and total cumulative return in cash reaches $206,879. For financing, Ziffy Mortgage’s DSCR program evaluates $3,993/mo property income against a $4,283/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1977
804 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: Staples Gannaway Team • Compass
Mls Name: MLSListings Inc
Mls ID: #ML82004997