SE Corner Santa Fe & 3rdCarmelCA93923
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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 Carmel at SE Corner Santa Fe & 3rd, Carmel, CA, 93923 at $1,675,000 posts ROI 14.71% with from $7,800/mo rent. Total monthly income equals $7,800/mo. Return on cash invested measures 14.71% and rental yield reads 5.59% at the current $1,675,000. Equity gained on principal adds $10,809/yr, and 5% annual appreciation supports $462,772 by year five. Five-year ROI prints 74.84% and total cumulative return in cash totals $406,158. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,800/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1931
3,920 sqft 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: Pamela King-Peres • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81983596
Disclaimer: Based on information from the MLSListings MLS as of 2024-10-15 22:01:45 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.