704 Garner AveSalinasCA93905
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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, Salinas, CA, 93905 with 5% annual appreciation on a $505,000 basis while $4,039/mo rent supports operations. Total monthly income totals $4,039/mo and a $2,472/mo payment preserves $915/mo for cash returns. Annual cash flow comes to $10,976/yr on $166,145 deployed, and return on cash invested reaches 26.67% in year one. Equity gained on principal adds $3,259/yr, and five-year appreciation sums $139,522 alongside rental yield of 9.6%. Five-year ROI measures 139.05% and total cumulative return in cash totals $231,018.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,039/mo property income versus a $2,472/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
3,434 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: Carlos Cardenas • Legacy Real Estate Inc
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81976624
Disclaimer: Based on information from the MLSListings MLS as of 2024-10-15 21:31:47 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.