1318 Mill StSan Luis ObispoCA93401
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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
Total monthly income runs $4,908/mo, and a $9,667/mo payment. Purchase price stands at $1,975,000, and rental yield measures 2.98% with $4,908/mo rent. Return on cash invested shows 6.66% in year one, and 5% annual appreciation builds toward $545,656 over five years. Five-year ROI reaches 31.7% and total cumulative return in cash records $202,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,908/mo property income covering a $9,667/mo payment rather than investor’s personal income.
Single Family
Built in 1906
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93401, San Luis Obispo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,857 (100%) |
| Owner Occupied HU | 7,207 (45.4%) |
| Renter Occupied HU | 7,054 (44.5%) |
| Vacant Housing Units | 1,596 (10.1%) |
| Median Home Value | $999,714 |
| Average Home Value | $1,133,947 |
Housing Distribution
Address Breakdown
Residential
14,795
Single Family
13,129
Multi-Family
1,666
Businesses
2,818
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Listed by: Randy Steiger • RE/MAX Success
Mls Name: CRMLS
Mls ID: #SC25219355