1215 Miles Ave, Pacific Grove, CA, 93950 | 4.86% Rental Yield

For Sale

Fix & Flip

Listed for sale 2 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,235/mo, and a $3,911/mo payment. Purchase price stands at $799,000, and rental yield measures 4.86% with $3,235/mo rent. Return on cash invested shows 12.26% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 61.79% and total cumulative return in cash records $162,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,235/mo property income covering a $3,911/mo payment rather than investor’s personal income.

Single Family

Built in 1950

4,500 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 93950, Pacific Grove, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,117 (100%)
Owner Occupied HU	3,252 (40.1%)
Renter Occupied HU	3,449 (42.5%)
Vacant Housing Units	1,416 (17.4%)
Median Home Value	$1,218,586
Average Home Value	$1,311,521