989 Madison StMontereyCA93940
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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 Monterey at 989 Madison St, Monterey, CA, 93940 offers $5,370/mo rent that, after a $7,806/mo payment. Total monthly income is $5,370/mo. Return on cash invested measures 9.93% in year one, and rental yield stands at 4.04% at a $1,594,900 entry. Equity gained on principal adds $10,292/yr while 5% annual appreciation compounds into $440,641 by year five. Five-year ROI records 49.22% and total cumulative return in cash reaches $254,326. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,370/mo property income versus a $7,806/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
6,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93940, Monterey, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,195 (100%) |
| Owner Occupied HU | 5,474 (36.0%) |
| Renter Occupied HU | 8,085 (53.2%) |
| Vacant Housing Units | 1,636 (10.8%) |
| Median Home Value | $1,052,750 |
| Average Home Value | $1,188,289 |
Housing Distribution
Address Breakdown
Residential
15,034
Single Family
13,351
Multi-Family
1,683
Businesses
2,778
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