948 Rider AveSalinasCA93905
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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 948 Rider Ave, Salinas, CA, 93905 offers a 4.43% rental yield on a $825,400 purchase with $3,048/mo rent. 11% in year one. Equity gained on principal adds $5,326/yr while 5% annual appreciation supports $228,043 over five years. Portfolio math shows five-year ROI at 50.6% and total cumulative return in cash at $137,402. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,048/mo property income against a $4,040/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1949
7,400 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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