724 Circle DrSalinasCA93905
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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 Salinas at 724 Circle Dr, Salinas, CA, 93905 priced at $629,000 pairs $4,307/mo rent with $416/mo cash flow after a $3,079/mo payment. Total monthly income equals $4,307/mo, and annual cash flow comes to $4,986/yr on $206,941 invested. Return on cash invested is 22.47% in year one, and rental yield stands at 8.22% on a $629,000 basis. Equity gained on principal adds $4,059/yr, and 5% annual appreciation accumulates to $173,781 by year five. Five-year ROI measures 116.54% and total cumulative return in cash reaches $241,173. For financing, Ziffy Mortgage’s DSCR program evaluates $4,307/mo property income against a $3,079/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
7,500 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: Robert Slawinski • eXp Realty of California Inc
Mls Name: MLSListings Inc
Mls ID: #ML82032707