820-822 Cedar StPacific 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
Investment property for sale in Pacific Grove at 820-822 Cedar St, Pacific Grove, CA, 93950 offers a 4.61% rental yield on a $1,399,000 purchase with $5,374/mo rent. 69% in year one. Equity gained on principal adds $9,028/yr while 5% annual appreciation supports $386,518 over five years. Portfolio math shows five-year ROI at 58.64% and total cumulative return in cash at $265,805. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,374/mo property income against a $6,847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
6,300 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: Jacqueline B Adams • Sothebys International Realty
Mls Name: MLSListings Inc
Mls ID: #ML82020202