10987 Las Casitas #29AtascaderoCA93422
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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 Atascadero at 10987 Las Casitas #29, Atascadero, CA, 93422 offers a 20.06% rental yield on a $179,500 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $879/mo payment leaves $1,889/mo available for distribution. Annual cash flow reaches $22,670/yr on $59,504 to close, and return on cash invested stands at 58.01% in year one. Equity gained on principal adds $1,158/yr while 5% annual appreciation supports $49,593 over five years. Portfolio math shows five-year ROI at 307.22% and total cumulative return in cash at $182,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $879/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93422, Atascadero, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,692 (100%) |
| Owner Occupied HU | 8,593 (62.8%) |
| Renter Occupied HU | 4,296 (31.4%) |
| Vacant Housing Units | 803 ( 5.9%) |
| Median Home Value | $738,208 |
| Average Home Value | $808,875 |
Housing Distribution
Address Breakdown
Residential
12,734
Single Family
12,182
Multi-Family
552
Businesses
949
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Listed by: Javin Thayer • LPT Realty, Inc
Mls Name: CRMLS
Mls ID: #SC25198459