1173 Cortez CirSan MiguelCA93451
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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
Rental property for sale in San Miguel at 1173 Cortez Cir, San Miguel, CA, 93451 generates $3,527/mo in rent, after a $2,716/mo payment. Total monthly income is $3,527/mo. Return on cash invested sits at 19.82% in year one, and rental yield is 7.63% on a $555,000 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 102.67% and total cumulative return in cash sums $187,472. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,527/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
2,266 sqft lot
$N/A/sqft
$130 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93451, San Miguel, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,697 (100%) |
| Owner Occupied HU | 1,019 (60.0%) |
| Renter Occupied HU | 522 (30.8%) |
| Vacant Housing Units | 156 ( 9.2%) |
| Median Home Value | $486,066 |
| Average Home Value | $693,408 |
Housing Distribution
Address Breakdown
Residential
1,236
Single Family
1,236
Multi-Family
0
Businesses
59
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Listed by: April Moulton • Century 21 Hometown Realty, Arroyo Grande Office
Mls Name: CRMLS
Mls Provider:
Mls ID: #PI24232826
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