371 CAMINO AGUAJITO INVESTMENT ANALYSIS

In today’s post, I wanted to go over an investment property that just went on the market yesterday. It is a triplex located in the Oak Grove neighborhood near NPS. Using our investment calculator which can be found at www.montereypm.com/calc/calc.php, I analyzed the numbers of the investment property.  You may view the property details on redfin.

As you can see in the image chart above, this is an excellent investment opportunity. With 25% down, this triplex can produce over $600 per month in cash flow. It has a cap rate of 5.92% which is well above the average of the area. The gross rent multiplier is very strong for this area at 11.93. I used conservative rental rates and actually believe they may be pushed higher if the right strategies were implemented.

If you would like to view me analyzing the property using our investment calculator, you may watch the video below. This is a fantastic investment and should be pending to sale in the next coming week. If you have any questions on this property, please call our office at (831) 372-1964.

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