1443 Iris 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
Rental property for sale in San Luis Obispo at 1443 Iris St, San Luis Obispo, CA, 93401 generates $3,652/mo in rent, after a $6,118/mo payment. Total monthly income is $3,652/mo. Return on cash invested sits at 8.28% in year one, and rental yield is 3.51% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 40.38% and total cumulative return in cash sums $163,537. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,652/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
7,500 sqft 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: Sacha Steel • The Avenue Central Coast Realty, Inc.
Mls Name: CRMLS
Mls ID: #SC25108233