1024 Baden AveGrover BeachCA93433
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Grover Beach at 1024 Baden Ave, Grover Beach, CA, 93433 offers a 8.88% rental yield on a $394,000 purchase with $2,915/mo rent. Total monthly income registers $2,915/mo, and a $1,928/mo payment leaves $478/mo available for distribution. Annual cash flow reaches $5,737/yr on $130,611 to close, and return on cash invested stands at 24.3% in year one. Equity gained on principal adds $2,542/yr while 5% annual appreciation supports $108,855 over five years. Portfolio math shows five-year ROI at 126.42% and total cumulative return in cash at $165,124. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,915/mo property income against a $1,928/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93433, Grover Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,838 (100%) |
| Owner Occupied HU | 2,653 (45.4%) |
| Renter Occupied HU | 2,454 (42.0%) |
| Vacant Housing Units | 731 (12.5%) |
| Median Home Value | $777,065 |
| Average Home Value | $848,537 |
Housing Distribution
Address Breakdown
Residential
5,661
Single Family
5,290
Multi-Family
371
Businesses
625
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Listed by: Collin Mitchell • Keller Williams Realty Central Coast
Mls Name: CRMLS
Mls ID: #PI25218953