831 Cactus CtSalinasCA93905
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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 831 Cactus Ct, Salinas, CA, 93905 priced at $845,000 converts $5,129/mo rent into after a $4,136/mo obligation. Total monthly income equals $5,129/mo. Return on cash invested prints 19.64% in year one, and rental yield reads 7.28% against a $845,000 entry. Equity gained on principal adds $5,453/yr, while 5% annual appreciation compiles into $233,458 by year five. Five-year ROI reaches 101.34% and total cumulative return in cash sums $281,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,129/mo property income covering a $4,136/mo payment, not borrower’s personal income.
Single Family
Built in 2000
4,596 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: Regina Shaw • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls ID: #ML82023510