1321 Nice AveGrover BeachCA93433
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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 Grover Beach at 1321 Nice Ave, Grover Beach, CA, 93433 earns $478/mo cash flow from $3,262/mo rent with a $2,203/mo payment. Total monthly income totals $3,262/mo, and annual cash flow totals $5,733/yr on $149,175 capital. ROI tracks 23.75% on current figures, and rental yield reads 8.7% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 123.44% and total cumulative return in cash sums $184,146. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,262/mo property income instead of your personal income.
Condo
Built in 1984
1,164 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93433, Grover Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,838 (100%) |
| Owner Occupied HU | 2,653 (45.4%) |
| Renter Occupied HU | 2,454 (42.0%) |
| Vacant Housing Units | 731 (12.5%) |
| Median Home Value | $777,065 |
| Average Home Value | $848,537 |
Housing Distribution
Address Breakdown
Residential
5,661
Single Family
5,290
Multi-Family
371
Businesses
625
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Listed by: Hal Sweasey • Keller Williams Realty Central Coast
Mls Name: CRMLS
Mls ID: #SC25131247