720 Pheasant Ridge Road, Del Rey Oaks, CA 93940

This light and bright 1 bedroom unit is movein ready with wood flooring in the living room and kitchen inside washerdryer attractive kitchen appliances gas fireplace and a wonderful large deck off the living room With a designated covered carport as well as an assigned uncovered parking space and an additional private storage closet Community Pool clubhouse sports court and guest parking

Are you looking for an investment property? Wondering what a property like this might rent for in this market? Here is an estimate of what this property will rent for per month.

It is important to conduct thorough market research, property inspection, and evaluation of potential expenses and risks before investing in any property. Real estate investments carry inherent risks, and it is essential to consult with professionals such as real estate agents, property managers, and financial advisors to make informed decisions. This estimate is a starting point in determining the monthly rental price for a specific property. Rental restrictions may apply for this home. It is the buyer's obligation to verify rental availability and details.

The rental real estate market outlook for 93940 looks promising. 93940 is a coveted zip code in Monterey, California, known for its beautiful coastal landscapes and abundant recreational opportunities. With its proximity to prestigious colleges, such as Monterey Peninsula College and the renowned Naval Postgraduate School, there is a consistent influx of students and faculty seeking housing in the area. Additionally, 93940 boasts a robust tourism industry, welcoming visitors throughout the year. This creates a high demand for short-term rentals and vacation homes. Furthermore, the presence of major corporations and research institutes, like the Defense Language Institute and the Monterey Bay Aquarium Research Institute, attract professionals from various fields, thereby driving demand for long-term rentals. The rental market in 93940 benefits from low vacancy rates, ensuring steady rental income for property owners. Overall, given the area's desirable location and diverse tenant base, the rental real estate market in 93940 is projected to remain strong and offer lucrative investment opportunities.

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