791 Spruce AvePacific 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
Rental property for sale in Pacific Grove at 791 Spruce Ave, Pacific Grove, CA, 93950 offers $6,164/mo rent that, after a $8,805/mo payment. Total monthly income is $6,164/mo. Return on cash invested measures 10.15% in year one, and rental yield stands at 4.11% at a $1,799,000 entry. Equity gained on principal adds $11,609/yr while 5% annual appreciation compounds into $497,031 by year five. Five-year ROI records 50.4% and total cumulative return in cash reaches $293,781. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,164/mo property income versus a $8,805/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
3,600 sqft 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: Austin Cooper • Real Brokerage Technologies
Mls Name: MLSListings Inc
Mls ID: #ML82022156