120 N Las Flores DrNipomoCA93444
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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 Nipomo at 120 N Las Flores Dr, Nipomo, CA, 93444 priced at $1,399,000 converts $5,210/mo rent into after a $6,847/mo obligation. Total monthly income equals $5,210/mo. Return on cash invested prints 11.25% in year one, and rental yield reads 4.47% against a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation compiles into $386,518 by year five. Five-year ROI reaches 56.31% and total cumulative return in cash sums $255,245. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,210/mo property income covering a $6,847/mo payment, not borrower’s personal income.
Single Family
Built in 2007
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93444, Nipomo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,910 (100%) |
| Owner Occupied HU | 6,140 (68.9%) |
| Renter Occupied HU | 2,112 (23.7%) |
| Vacant Housing Units | 658 ( 7.4%) |
| Median Home Value | $841,968 |
| Average Home Value | $945,447 |
Housing Distribution
Address Breakdown
Residential
8,126
Single Family
6,821
Multi-Family
1,305
Businesses
484
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Listed by: Hal Sweasey • Equity Union
Mls Name: CRMLS
Mls ID: #SC25281960