Older homes in Soledad can be bought in the $150K range, and could rent for about $1200 at least. Newer (10-year-old) homes go for about $200-250K, and can rent for about $1800-2200.
The reason I would go for an older home over a 10-year-old home is that homes were better built in the 1940s than in the 2000s. By ten years from NOW, there won't be that much difference in the condition of a 1940s home....but a 2001 home will be TWICE AS OLD as it is now, and really starting to show its age.
Call us at (831) 250-8120 if you'd like to talk about home-buying opportunities in different communities of Monterey county....or visit our website http://www.MontereyOnSale.com.