🌊 Lakefront
150 Kern St #30 · Salinas, CA
Flood risk 9/10 · Severe
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.79%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 3/10 · Minor
- Hot days now (above 83°F)
- 2 days/yr
- Hot days in 30 yrs
- 5 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 6/10 · Moderate
- Unhealthy air days now
- 9 days/yr
- Unhealthy air days in 30 yrs
- 9 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +19.7/30.0
- DSCR +6.2/10.0
- 1% rule +5.5/10.0
- Livability +3.2/5.0
- Schools +3.0/10.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$299,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
55 and older park~Step inside and prepare to forget everything you think you know about manufactured homes. Soaring vaulted ceilings, wide sun-drenched hallways and generously sized rooms create an atmosphere that feels unmistakably like a custom-built home because in every way that matters, it is.This stunning 2006-built 3BD/2BA spans over 1,600 sq ft of thoughtfully designed living space. The chef's kitchen stuns with a large island, dual cooktops, brand-new white quartz countertops and rich cabinetry. A separate dining room, cozy fireplace with mantle, and an expansive living room with built-in cabinetry make entertaining effortless. The primary suite is a true retreat with a walk-in closet space so spacious you might have to plan a shopping trip plus a beautifully updated en suite bath with a walk-in shower. Accessibility features throughout add comfort and peace of mind. Outside, a wraparound private yard, storage shed, and electric chair lift complete this turn-key package. All within the coveted, resident-owned 55+ Sherwood Lake Park, with a private lake, pool, clubhouse and vibrant community amenities just steps away, and freeway access for everything else. Must be seen to be believed.
Key facts
- Walk-in closet
- Private lake
- Community amenities
Tags
Property features AI
Finance
- HOA & community: Has HOA; HOA amenities include club house, organized activities, sauna/spa/hot tub; HOA fees include common area maintenance and pools/spa/tennis; HOA fee: $385
Exterior
- Parking: Carport (30 spaces)
- Utilities: Public water; Public sewer; Public utilities
- Home design: Single-story property; Space owned (park home site)
- Exterior features: Composition/shingle roof; Pets allowed (dogs permitted); Senior community (65+)
Interior
- Bedrooms: 3 bedrooms
- Flooring: Carpet
- Bathrooms: 2 full bathrooms
- Heating & cooling: Central forced air heating; Cooling: other (see remarks)
- Interior features: Dining area; Laundry hookups only
- Laundry & utility: Washer/dryer hookups
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath manufactured listed at $299k.
Deal economics
- At list price, monthly cash flow is $-75 ($-899/yr) — negative.
- To cash-flow at today's rent, offer at most $286k (4.4% below list).
- Meets the 1% rule at list price ($3k rent vs $299k).
- Recommended offer: $286k (4.4% below list) — sets the bar for cash-flow.
- Cap rate 7.7% vs local median 2.7% in Salinas — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 63/100 on livability (#465 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, employment B+; Watch: schools F, crime D-, amenities F.
- Salinas Union High (urban): math 23% / reading 39% proficiency, ranked #998 of 1,400 in CA (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: 15 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 530 units permitted in Monterey County in 2024 (50 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
- Monterey County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
Negotiation context
- It's been on market 43 days — a 3% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 4y ago; this cycle's ask has dropped $30k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo.
- Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 43 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
- What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
- Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.05% ✓
- Cap rate
- 7.70%
- Cash-on-cash
- 5.04%
- DSCR
- 1.22
- GRM
- 7.9
CMA / ARV
- ARV (on-the-fly)
- $247,760
- Comps found
- 8
Show comp detail 8 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 150 Kern St #40 | 0.09mi | 3/2.0 | 1,536 (-6%) | 3mo | $80,000 | $52 | 83 |
| 150 Kern St #39 | 0.11mi | 3/2.0 | 1,536 (-6%) | 6mo | $175,000 | $114 | 80 |
| 150 Kern St #92 | 0.05mi | 3/2.0 | 1,440 (-12%) | 6mo | $196,000 | $136 | 73 |
| 150 Kern St #114 | 0.04mi | 2/2.0 (-1) | 1,440 (-12%) | 2mo | $140,000 | $97 | 72 |
| 155 Kern St #144 | 0.16mi | 2/2.0 (-1) | 1,536 (-6%) | 9mo | $315,000 | $205 | 70 |
| 150 Kern #70 | 0.09mi | 2/2.0 (-1) | 1,560 (-4%) | 19mo | $279,000 | $179 | 68 |
| 150 Kern St #41 | 0.09mi | 2/2.0 (-1) | 1,440 (-12%) | 12mo | $285,000 | $198 | 61 |
| 150 Kern St #102 | 0.05mi | 2/2.0 (-1) | 1,440 (-12%) | 22mo | $219,000 | $152 | 55 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- -17.9%
- Equity multiple
- 0.37×
- Total profit
- $-52,870
- Equity at exit
- $44,582
- IRR
- -9.8%
- Equity multiple
- 0.39×
- Total profit
- $-50,747
- Equity at exit
- $25,852
Cash invested: $83,720 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 18 Strongly Tenant-Friendly
- State California
- 18 Strongly Tenant-Friendly · D+13
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 93905
- Active inventory
- 15
- Price-to-rent
- 7.9×
Monthly cashflow live
- Estimated rent
- $3,152 medium interval (Pro) →
- Mortgage (P&I)
- −$1,568
- Tax from tax record
- −$61 /mo · $730/yr
- Insurance
- −$125
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$385
- Vacancy / Maint / Mgmt
- −$662
- Net cashflow
- $-75
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $74,750
- Closing costs
- $8,970
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 4 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 190 Kern St #56 Salinas, CA | 2.0 | 2.0 | 1073 | $2,900 | $2.70 | 14d | 1 | 0.07mi |
| 722 Saint Helen Way Salinas, CA | 3.0 | 2.0 | 1341 | $3,600 | $2.68 | 21d | 1 | 0.34mi |
| 54 Shasta Way Salinas, CA | 4.0 | 2.0 | 1188 | $3,650 | $3.07 | 21d | 1 | 0.93mi |
| 825 Victor St Salinas, CA | 3.0 | 2.0 | 1194 | $3,500 | $2.93 | 14d | 1 | 1.50mi |
HOA detail
- Monthly dues
- $385 · $4,620/yr
- Likely covers
- electricpool
Listing history 26 events
-
2026-06-18days on market $299,000 Active 43 DOM
-
2026-06-17days on market $299,000 Active 42 DOM
-
2026-06-16days on market $299,000 Active 41 DOM
-
2026-06-15days on market $299,000 Active 40 DOM
-
2026-06-14days on market $299,000 Active 38 DOM
-
2026-06-13days on market $299,000 Active 37 DOM
-
2026-06-10days on market $299,000 Active 35 DOM
-
2026-06-09days on market $299,000 Active 34 DOM
-
2026-06-08days on market $299,000 Active 33 DOM
-
2026-06-07days on market $299,000 Active 32 DOM
-
2026-06-05days on market $299,000 Active 29 DOM
-
2026-06-03days on market $299,000 Active 28 DOM
-
2026-06-02pricedays on market $299,000 Active 27 DOM
-
2026-06-01days on market $319,000 Active 26 DOM
-
2026-05-31days on market $319,000 Active 25 DOM
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2026-05-30days on market $319,000 Active 24 DOM
-
2026-05-19price $319,000 1212-char remark
Show marketing remark (1212 chars)
55 and older park~Step inside and prepare to forget everything you think you know about manufactured homes. Soaring vaulted ceilings, wide sun-drenched hallways and generously sized rooms create an atmosphere that feels unmistakably like a custom-built home because in every way that matters, it is.This stunning 2006-built 3BD/2BA spans over 1,600 sq ft of thoughtfully designed living space. The chef's kitchen stuns with a large island, dual cooktops, brand-new white quartz countertops and rich cabinetry. A separate dining room, cozy fireplace with mantle, and an expansive living room with built-in cabinetry make entertaining effortless. The primary suite is a true retreat with a walk-in closet space so spacious you might have to plan a shopping trip plus a beautifully updated en suite bath with a walk-in shower. Accessibility features throughout add comfort and peace of mind. Outside, a wraparound private yard, storage shed, and electric chair lift complete this turn-key package. All within the coveted, resident-owned 55+ Sherwood Lake Park, with a private lake, pool, clubhouse and vibrant community amenities just steps away, and freeway access for everything else. Must be seen to be believed.
-
2026-05-19price $319,000 1212-char remark
Show marketing remark (1212 chars)
55 and older park~Step inside and prepare to forget everything you think you know about manufactured homes. Soaring vaulted ceilings, wide sun-drenched hallways and generously sized rooms create an atmosphere that feels unmistakably like a custom-built home because in every way that matters, it is.This stunning 2006-built 3BD/2BA spans over 1,600 sq ft of thoughtfully designed living space. The chef's kitchen stuns with a large island, dual cooktops, brand-new white quartz countertops and rich cabinetry. A separate dining room, cozy fireplace with mantle, and an expansive living room with built-in cabinetry make entertaining effortless. The primary suite is a true retreat with a walk-in closet space so spacious you might have to plan a shopping trip plus a beautifully updated en suite bath with a walk-in shower. Accessibility features throughout add comfort and peace of mind. Outside, a wraparound private yard, storage shed, and electric chair lift complete this turn-key package. All within the coveted, resident-owned 55+ Sherwood Lake Park, with a private lake, pool, clubhouse and vibrant community amenities just steps away, and freeway access for everything else. Must be seen to be believed.
-
2026-05-06$329,000 Active 1212-char remark
Show marketing remark (1212 chars)
55 and older park~Step inside and prepare to forget everything you think you know about manufactured homes. Soaring vaulted ceilings, wide sun-drenched hallways and generously sized rooms create an atmosphere that feels unmistakably like a custom-built home because in every way that matters, it is.This stunning 2006-built 3BD/2BA spans over 1,600 sq ft of thoughtfully designed living space. The chef's kitchen stuns with a large island, dual cooktops, brand-new white quartz countertops and rich cabinetry. A separate dining room, cozy fireplace with mantle, and an expansive living room with built-in cabinetry make entertaining effortless. The primary suite is a true retreat with a walk-in closet space so spacious you might have to plan a shopping trip plus a beautifully updated en suite bath with a walk-in shower. Accessibility features throughout add comfort and peace of mind. Outside, a wraparound private yard, storage shed, and electric chair lift complete this turn-key package. All within the coveted, resident-owned 55+ Sherwood Lake Park, with a private lake, pool, clubhouse and vibrant community amenities just steps away, and freeway access for everything else. Must be seen to be believed.
-
2026-05-06$329,000 Active 1212-char remark
Show marketing remark (1212 chars)
55 and older park~Step inside and prepare to forget everything you think you know about manufactured homes. Soaring vaulted ceilings, wide sun-drenched hallways and generously sized rooms create an atmosphere that feels unmistakably like a custom-built home because in every way that matters, it is.This stunning 2006-built 3BD/2BA spans over 1,600 sq ft of thoughtfully designed living space. The chef's kitchen stuns with a large island, dual cooktops, brand-new white quartz countertops and rich cabinetry. A separate dining room, cozy fireplace with mantle, and an expansive living room with built-in cabinetry make entertaining effortless. The primary suite is a true retreat with a walk-in closet space so spacious you might have to plan a shopping trip plus a beautifully updated en suite bath with a walk-in shower. Accessibility features throughout add comfort and peace of mind. Outside, a wraparound private yard, storage shed, and electric chair lift complete this turn-key package. All within the coveted, resident-owned 55+ Sherwood Lake Park, with a private lake, pool, clubhouse and vibrant community amenities just steps away, and freeway access for everything else. Must be seen to be believed.
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2023-04-12soldstatus $297,000 Sold 1047-char remark
Show marketing remark (1047 chars)
BACK ON MARKET! Fell through. Buyers loan. Appraised at $290K on 12/28/22! Rare! Welcome to the coveted 55+ Sherwood Lake Park. Own a share in this quiet park that offers wonderful ammenities such as a lake, pool, countless indoor & outdoor activities. Located in a quiet setting yet convienant freeway access for shopping & travel. Built in 2006, this turn key 3BR/ 2 BA is over 1600 sq ft w/ vaulted ceilings, lots of natural light & beautiful finishes. The lrg kitchen boasts a beautiful island w/ 2 cook tops & beautiful cabinetry. The rare FP & mantle add to the many special qualities of this home. The sperate DR is great for family gatherings. The master has a lrg walk in closet that is handicap accessible as well as a lrg bath w/ walk in shower & grab bars. There is a lrg LR w/ lots of cabinets off the kitchen as well. Outside you will find an electric chair lift & a lrg pvt yard that wraps around the property & storage shed. This place is move in ready. Must see to truly appreciate.
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2023-03-04historical Contingent 1047-char remark
Show marketing remark (1047 chars)
BACK ON MARKET! Fell through. Buyers loan. Appraised at $290K on 12/28/22! Rare! Welcome to the coveted 55+ Sherwood Lake Park. Own a share in this quiet park that offers wonderful ammenities such as a lake, pool, countless indoor & outdoor activities. Located in a quiet setting yet convienant freeway access for shopping & travel. Built in 2006, this turn key 3BR/ 2 BA is over 1600 sq ft w/ vaulted ceilings, lots of natural light & beautiful finishes. The lrg kitchen boasts a beautiful island w/ 2 cook tops & beautiful cabinetry. The rare FP & mantle add to the many special qualities of this home. The sperate DR is great for family gatherings. The master has a lrg walk in closet that is handicap accessible as well as a lrg bath w/ walk in shower & grab bars. There is a lrg LR w/ lots of cabinets off the kitchen as well. Outside you will find an electric chair lift & a lrg pvt yard that wraps around the property & storage shed. This place is move in ready. Must see to truly appreciate.
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2022-10-29price $290,000 1047-char remark
Show marketing remark (1047 chars)
BACK ON MARKET! Fell through. Buyers loan. Appraised at $290K on 12/28/22! Rare! Welcome to the coveted 55+ Sherwood Lake Park. Own a share in this quiet park that offers wonderful ammenities such as a lake, pool, countless indoor & outdoor activities. Located in a quiet setting yet convienant freeway access for shopping & travel. Built in 2006, this turn key 3BR/ 2 BA is over 1600 sq ft w/ vaulted ceilings, lots of natural light & beautiful finishes. The lrg kitchen boasts a beautiful island w/ 2 cook tops & beautiful cabinetry. The rare FP & mantle add to the many special qualities of this home. The sperate DR is great for family gatherings. The master has a lrg walk in closet that is handicap accessible as well as a lrg bath w/ walk in shower & grab bars. There is a lrg LR w/ lots of cabinets off the kitchen as well. Outside you will find an electric chair lift & a lrg pvt yard that wraps around the property & storage shed. This place is move in ready. Must see to truly appreciate.
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2022-10-29status Active 1047-char remark
Show marketing remark (1047 chars)
BACK ON MARKET! Fell through. Buyers loan. Appraised at $290K on 12/28/22! Rare! Welcome to the coveted 55+ Sherwood Lake Park. Own a share in this quiet park that offers wonderful ammenities such as a lake, pool, countless indoor & outdoor activities. Located in a quiet setting yet convienant freeway access for shopping & travel. Built in 2006, this turn key 3BR/ 2 BA is over 1600 sq ft w/ vaulted ceilings, lots of natural light & beautiful finishes. The lrg kitchen boasts a beautiful island w/ 2 cook tops & beautiful cabinetry. The rare FP & mantle add to the many special qualities of this home. The sperate DR is great for family gatherings. The master has a lrg walk in closet that is handicap accessible as well as a lrg bath w/ walk in shower & grab bars. There is a lrg LR w/ lots of cabinets off the kitchen as well. Outside you will find an electric chair lift & a lrg pvt yard that wraps around the property & storage shed. This place is move in ready. Must see to truly appreciate.
-
2022-10-25historical Contingent 1047-char remark
Show marketing remark (1047 chars)
BACK ON MARKET! Fell through. Buyers loan. Appraised at $290K on 12/28/22! Rare! Welcome to the coveted 55+ Sherwood Lake Park. Own a share in this quiet park that offers wonderful ammenities such as a lake, pool, countless indoor & outdoor activities. Located in a quiet setting yet convienant freeway access for shopping & travel. Built in 2006, this turn key 3BR/ 2 BA is over 1600 sq ft w/ vaulted ceilings, lots of natural light & beautiful finishes. The lrg kitchen boasts a beautiful island w/ 2 cook tops & beautiful cabinetry. The rare FP & mantle add to the many special qualities of this home. The sperate DR is great for family gatherings. The master has a lrg walk in closet that is handicap accessible as well as a lrg bath w/ walk in shower & grab bars. There is a lrg LR w/ lots of cabinets off the kitchen as well. Outside you will find an electric chair lift & a lrg pvt yard that wraps around the property & storage shed. This place is move in ready. Must see to truly appreciate.
-
2022-09-14$320,000 Active 1047-char remark
Show marketing remark (1047 chars)
BACK ON MARKET! Fell through. Buyers loan. Appraised at $290K on 12/28/22! Rare! Welcome to the coveted 55+ Sherwood Lake Park. Own a share in this quiet park that offers wonderful ammenities such as a lake, pool, countless indoor & outdoor activities. Located in a quiet setting yet convienant freeway access for shopping & travel. Built in 2006, this turn key 3BR/ 2 BA is over 1600 sq ft w/ vaulted ceilings, lots of natural light & beautiful finishes. The lrg kitchen boasts a beautiful island w/ 2 cook tops & beautiful cabinetry. The rare FP & mantle add to the many special qualities of this home. The sperate DR is great for family gatherings. The master has a lrg walk in closet that is handicap accessible as well as a lrg bath w/ walk in shower & grab bars. There is a lrg LR w/ lots of cabinets off the kitchen as well. Outside you will find an electric chair lift & a lrg pvt yard that wraps around the property & storage shed. This place is move in ready. Must see to truly appreciate.
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast CA · Resets to sale price
- Current annual tax
- $730 · $61/mo
- Projected year-2 tax
- $2,272 · $189/mo
- Expected delta
- +$1,542/yr (+$129/mo · 211.3%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 9/10 Extreme FEMA zone AE · 79% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 2 d/yr ≥83°F today · 5 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 6/10 Major 9 unhealthy d/yr today · 9 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $37,823
- − Mortgage interest
- −$16,749
- − Property taxes
- −$730
- − Insurance
- −$6,614
- − Repairs & maintenance
- −$3,026
- − Management
- −$3,026
- − HOA
- −$4,620
- − Depreciation
- −$8,698
- Taxable loss
- −$5,639
- Est. tax savings @ 24.0%
- +$1,353
- After-tax cash flow
- $454/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Salinas Union High
- NCES district ID
- 0633980
- Math proficiency
- 23% ▲ 2.00%
- Reading proficiency
- 39% ▲ 1.00%
- Median HH income
- $50,670
- Composite
- 29.86/100
- National rank
- #11691
- State rank
- #998 of 1400 in CA
Livability — Salinas
- Score
- 63/100
- State rank
- #465
- US rank
- #15876
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Salinas, CA
- City population
- 119,069
- Population (ZIP)
- 64,596
Population outlook (Monterey County) Hauer SSP2
- Today (2025)
- 458,436 people
- By 2030
- 469,418 · +2.4%
- By 2040
- 489,615 · +6.8%
- By 2050
- 506,696 · +10.5%
- By 2075
- 531,048 · +15.8%
- By 2100
- 519,153 · +13.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Hispanic (94%)
- Race & ethnicity
- Hispanic / Latino 94% Two or more races 10% Asian 3% White 2% Native American 1%
- Hispanic origin (detail)
- Mexican 87%
- Foreign-born
- 46% · Canada, China
- Languages at home
- 11% English-only · Spanish 86% Tagalog/Filipino 1%
Political lean MEDSL · Monterey
- 2024 margin
- Strong D (+29.9) · D 63.4% · R 33.5% · Other 3.0%
- 2008→2024 swing
- -8.4pp toward R · 2008: 38.3pp · 2024: 29.9pp
- All cycles
- 2024: D+29.9 2020: D+41.3 2016: D+39.7 2012: D+33.9 2008: D+38.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -522.14%
- Current HPI
- 294.3165
- Rent YoY
- —
- Metro
- —
- State GDP YoY
- ▲ 3.21%
- F500 in state
- 116
Industry mix (Fortune 500 HQ in CA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Technology | 27 | $1,492B |
|
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| Financial Services | 3 | $174B |
|
||
| Retail | 3 | $44B |
|
||
| Insurance | 3 | $26B |
|
||
| Media / Entertainment | 2 | $115B |
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| Pharmaceuticals / Biotech | 2 | $62B |
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Price history
-0.3% since first listed10 events — show timeline
- 2026-05-19 Price Changed $319,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
- 2026-05-19 Price Changed $319,000 MLSListings
- 2026-05-06 Listed $329,000 MLSListings
- 2026-05-06 Listed $329,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
- 2023-04-12 Sold (MLS) $297,000 MLSListings
- 2023-03-04 Contingent — MLSListings
- 2022-10-29 Price Changed $290,000 MLSListings
- 2022-10-29 Relisted — MLSListings
- 2022-10-25 Contingent — MLSListings
- 2022-09-14 Listed $320,000 MLSListings
Property tax history
-1.0%/yrLatest (2025): $730 · +7.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…