700 Briggs Ave SPACE 1Pacific GroveCA93950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pacific Grove at 700 Briggs Ave SPACE 1, Pacific Grove, CA, 93950 listed at $1,000,000 pairs $3,803/mo rent with a $4,895/mo payment. Total monthly income runs $3,803/mo. Return on cash invested measures 10.11% in year one, and rental yield registers 4.56% at a $1,000,000 basis. Equity gained on principal adds $6,453/yr, and annual property appreciation at 5% supports $276,282 by year five. Five-year ROI tracks 50.7% and total cumulative return in cash totals $166,816. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,803/mo property income relative to a $4,895/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1991
N/A lot
$N/A/sqft
$345 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93950, Pacific Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,117 (100%) |
| Owner Occupied HU | 3,252 (40.1%) |
| Renter Occupied HU | 3,449 (42.5%) |
| Vacant Housing Units | 1,416 (17.4%) |
| Median Home Value | $1,218,586 |
| Average Home Value | $1,311,521 |
Housing Distribution
Address Breakdown
Residential
7,786
Single Family
6,800
Multi-Family
986
Businesses
1,054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Knuth • Keller Williams Palo Alto
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81956852
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.