Under $500K Investment Properties for Sale in Salinas, CA
Listed for sale 3 days ago
$ 389,500
ROI
20.5
Cash Flow/m
83- 2 Bed
- 2 Bath
- 1073 sft
182 Kern St Unit 43, Salinas, CA, 93905
$ 399,000
ROI
27.0Cash Flow/m
802- 2 Bed
- 1 Bath
- 862 sft
251 E Romie Ln, Salinas, CA, 93901
$ 439,000
ROI
20.4Cash Flow/m
82- 2 Bed
- 1 Bath
- 1000 sft
30 W San Joaquin St Unit 3, Salinas, CA, 93901
$ 329,999
ROI
20.9Cash Flow/m
105- 1 Bed
- 2 Bath
- 870 sft
106 W Rossi St Unit 11, Salinas, CA, 93901
Why Invest in Salinas, California?
Investing in Salinas, CA offers a unique opportunity with properties under $500k. The city's real estate market boasts a strong average rental yield of 6%, making it a great choice for investors seeking cash flow. With an appreciation rate of 4% and relatively low vacancies at 5%, Salinas presents a stable environment for long-term returns.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$1200/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average home price in Salinas is currently around $480,000, making it an attractive market for first-time homebuyers and investors looking for affordable options.
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