For SaleRisky Deal6 days on market
1204 Palermo Dr
1204 Palermo Dr, Salinas, CA 93905, Salinas, CA 93905
$949,999
Estimate®:$933,400
Listing Price
1204 Palermo Dr, Salinas, CA 93905
Loc: Salinas, CA
Days Listed
6
Tax Assessed
$651k
Estimate®
$933k
Market Rate
Lot Size
6,510 sqft
Rent Estimate
$4,622/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Tiburcio Vasquez Elementary
K-6
0.2 mi away
5
El Sausal Middle School
7-8
1.5 mi away
5
Alisal High School
9-12
0.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Mediterraneanstucco exteriortile roofarched entrytwo-storysuburbanlush landscapingshutter detailsmulti-paned windowsresidentialsingle-family homewell-maintainedcozy atmosphere
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.38%
Total ROI
32.3%
Cash Flow
$-2,252/mo
DSCR
0.54
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,252/mo net cash flow with a 3.4% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Salinas, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-19 | Listed for sale | $949,999 | $347 |
| 2010-07-20 | Sold | $309,000 | $113 |
| 2006-12-27 | Sold | $680,500 | $249 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $651,103 |
| 2025 | $8,764.82 | $638,337 |
| 2024 | $8,995.1 | $625,821 |
| 2023 | $5,906.44 | $380,501 |
| 2022 | $5,395.56 | $373,041 |
| 2021 | $5,398.32 | $365,727 |
| 2020 | $5,348.3 | $361,978 |
| 2019 | $5,494.18 | $354,881 |
| 2018 | $5,225.38 | $347,923 |
| 2017 | $5,394.44 | $341,102 |
| 2016 | $5,158.42 | $334,415 |
| 2015 | $4,963.74 | $329,393 |
| 2014 | $4,963.74 | $322,942 |
| 2012 | $0 | $315,180 |
| 2011 | $0 | $309,000 |
| 2010 | $0 | $320,000 |
| 2009 | $0 | $390,000 |
| 2007 | $0 | $680,086 |
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