1346 24th StOceanoCA93445
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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 Oceano at 1346 24th St, Oceano, CA, 93445 offers a 7.48% rental yield on a $725,000 purchase with $4,518/mo rent. Total monthly income registers $4,518/mo, and a $3,549/mo payment leaves $33/mo available for distribution. Annual cash flow reaches $390/yr on $238,525 to close, and return on cash invested stands at 20.22% in year one. Equity gained on principal adds $4,678/yr while 5% annual appreciation supports $200,304 over five years. Portfolio math shows five-year ROI at 104.5% and total cumulative return in cash at $249,257. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,518/mo property income against a $3,549/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93445, Oceano, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,360 (44.7%) |
| Renter Occupied HU | 1,152 (37.9%) |
| Vacant Housing Units | 529 (17.4%) |
| Median Home Value | $614,087 |
| Average Home Value | $672,846 |
Housing Distribution
Address Breakdown
Residential
2,726
Single Family
2,652
Multi-Family
74
Businesses
120
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Listed by: Taylor North • San Luis Bay Realty
Mls Name: CRMLS
Mls ID: #SC25237885