7561 Chester DrSalinasCA93907
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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 7561 Chester Dr, Salinas, CA, 93907 offers a 6.63% rental yield on a $775,000 purchase with $4,285/mo rent. 66% in year one. Equity gained on principal adds $5,001/yr while 5% annual appreciation supports $214,118 over five years. Portfolio math shows five-year ROI at 90.76% and total cumulative return in cash at $231,415. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,285/mo property income against a $3,793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93907, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,780 (100%) |
| Owner Occupied HU | 5,105 (65.6%) |
| Renter Occupied HU | 2,338 (30.1%) |
| Vacant Housing Units | 337 ( 4.3%) |
| Median Home Value | $770,228 |
| Average Home Value | $891,078 |
Housing Distribution
Address Breakdown
Residential
7,425
Single Family
7,403
Multi-Family
22
Businesses
576
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Listed by: April Whitehead • BHGRE Haven Properties
Mls Name: MLSListings Inc
Mls ID: #ML82027687