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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Monterey, CA
$ 839,000
ROI
23.7
Cash Flow/m
837- 3 Bed
- 3 Bath
- 1558 sft
66 Montsalas Dr, Monterey, CA, 93940
$ 590,000
ROI
24.2Cash Flow/m
671- 2 Bed
- 2 Bath
- 1026 sft
451 Dela Vina Ave APT 403, Monterey, CA, 93940
$ 599,000
ROI
20.9Cash Flow/m
134- 1 Bed
- 1 Bath
- 674 sft
300 Glenwood Cir APT 166, Monterey, CA, 93940
$ 799,000
ROI
20.8Cash Flow/m
169- 2 Bed
- 2 Bath
- 1123 sft
1360 Josselyn Canyon Rd APT 27, Monterey, CA, 93940
Why Invest in Monterey, California?
Investing in Monterey, CA, particularly in condos, offers a unique opportunity for profit due to the area's attractive coastal lifestyle. With an average rental yield of 5% and a cap rate of 4.5%, investors can expect a promising return on their investment. The city's strong demand for rental properties, combined with a steady appreciation rate of 3%, makes Monterey a desirable market for real estate.
8%
Avg. ROI
5%
Rental Yield
4.5%
Cap Rate
$200/mo
Avg. Cash Flow
$2500/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Monterey is currently around 5%, making it an attractive option for real estate investors looking for solid returns.
Find Your Perfect Investment Property in Monterey, California
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