704 Garner Ave APT 49SalinasCA93905
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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 Salinas at 704 Garner Ave APT 49, Salinas, CA, 93905 uses $174,041 cash to close to unlock $28,420/yr annual cash flow and $2,368/mo monthly cash flow. Total monthly income runs $5,869/mo, and a $2,589/mo payment keeps the spread at $2,368/mo. Purchase price stands at $529,000, and rental yield measures 13.31% with $5,869/mo rent. Return on cash invested shows 36.39% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 191.76% and total cumulative return in cash records $333,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,869/mo property income covering a $2,589/mo payment rather than investor’s personal income.
Single Family
Built in 1993
5,506 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93905, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,562 (100%) |
| Owner Occupied HU | 5,983 (41.1%) |
| Renter Occupied HU | 8,234 (56.5%) |
| Vacant Housing Units | 345 ( 2.4%) |
| Median Home Value | $600,929 |
| Average Home Value | $654,414 |
Housing Distribution
Address Breakdown
Residential
13,703
Single Family
11,384
Multi-Family
2,319
Businesses
706
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Listed by: Alfonso Ceja • Remax Property Experts
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81973963
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 19:26:45 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.