9500 Center StCarmelCA93923
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9500 Center St, Carmel, CA, 93923 generates $3,425/mo in rent and, after a $1,897/mo payment, leaves $919/mo in cash flow. Total monthly income is $3,425/mo, and annual cash flow is $11,033/yr on $128,502 invested. Return on cash invested sits at 28.49% in year one, and rental yield is 10.6% on a $387,637 entry. Equity gained on principal adds $2,501/yr, while 5% annual appreciation builds toward $107,097 over five years. Five-year ROI reaches 149.25% and total cumulative return in cash sums $191,794. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,425/mo property income rather than buyer’s personal income.
Apartment
Built in N/A
N/A 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A