95 Corona WayCarmelCA93923
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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 Carmel at 95 Corona Way, Carmel, CA, 93923 generates $7,981/mo in rent, after a $8,786/mo payment. Total monthly income is $7,981/mo. Return on cash invested sits at 13.92% in year one, and rental yield is 5.34% on a $1,795,000 entry. Equity gained on principal adds $11,583/yr, while 5% annual appreciation builds toward $495,925 over five years. Five-year ROI reaches 70.65% and total cumulative return in cash sums $410,881. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,981/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93923, Carmel, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,097 (100%) |
| Owner Occupied HU | 5,047 (50.0%) |
| Renter Occupied HU | 2,136 (21.2%) |
| Vacant Housing Units | 2,914 (28.9%) |
| Median Home Value | $1,784,061 |
| Average Home Value | $1,684,688 |
Housing Distribution
Address Breakdown
Residential
6,043
Single Family
5,541
Multi-Family
502
Businesses
707
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Listed by: Evynn Levalley • Sothebys International Realty
Mls Name: MLSListings Inc
Mls ID: #ML82017286