1029 Ilene DrSan Luis ObispoCA93405
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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 San Luis Obispo at 1029 Ilene Dr, San Luis Obispo, CA, 93405 listed at $462,800 pairs $3,929/mo rent with a $2,265/mo payment to leave $1,066/mo cash flow. Total monthly income runs $3,929/mo, and annual cash flow reaches $12,795/yr on $153,418 cash to close. Return on cash invested measures 28.25% in year one, and rental yield registers 10.19% at a $462,800 basis. Equity gained on principal adds $2,986/yr, and annual property appreciation at 5% supports $127,863 by year five. Five-year ROI tracks 147.58% and total cumulative return in cash totals $226,420. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,929/mo property income relative to a $2,265/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93405, San Luis Obispo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,037 (100%) |
| Owner Occupied HU | 3,743 (37.3%) |
| Renter Occupied HU | 5,313 (52.9%) |
| Vacant Housing Units | 981 ( 9.8%) |
| Median Home Value | $896,231 |
| Average Home Value | $995,867 |
Housing Distribution
Address Breakdown
Residential
9,389
Single Family
7,914
Multi-Family
1,475
Businesses
444
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Listed by: Julianne DesJardins • Richardson Sotheby's International Realty
Mls Name: CRMLS
Mls ID: #NS25199170