96 Paseo HermosoSalinasCA93908
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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 96 Paseo Hermoso, Salinas, CA, 93908 with 5% annual appreciation on a $1,950,000 basis while $6,403/mo rent supports operations. 62% in year one. Equity gained on principal adds $12,583/yr, and five-year appreciation sums $538,749 alongside rental yield of 3.94%. Five-year ROI measures 47.57% and total cumulative return in cash totals $300,533. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,403/mo property income versus a $9,544/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93908, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,124 (100%) |
| Owner Occupied HU | 3,967 (77.4%) |
| Renter Occupied HU | 856 (16.7%) |
| Vacant Housing Units | 301 ( 5.9%) |
| Median Home Value | $1,065,046 |
| Average Home Value | $1,174,842 |
Housing Distribution
Address Breakdown
Residential
4,842
Single Family
4,578
Multi-Family
264
Businesses
207
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Listed by: Norm Yop • Agency One Real Estate
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81983688
Disclaimer: Based on information from the MLSListings MLS as of 2024-10-15 21:31:47 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.