700 Briggs Ave SPACE 84Pacific GroveCA93950
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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
Total monthly income runs $3,763/mo, and a $4,381/mo payment. Purchase price stands at $895,000, and rental yield measures 5.05% with $3,763/mo rent. Return on cash invested shows 12.83% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 64.84% and total cumulative return in cash records $190,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,763/mo property income covering a $4,381/mo payment rather than investor’s personal income.
Manufactured
Built in 2004
N/A lot
$N/A/sqft
No 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
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Listed by: Joe Smith • Sothebys International Realty
Mls Name: MLSListings Inc
Mls ID: #ML82028323