1480 Island CtOceanoCA93445
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $3,006/mo, and a $3,666/mo payment. Purchase price stands at $749,000, and rental yield measures 4.82% with $3,006/mo rent. Return on cash invested shows 12.14% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 61.12% and total cumulative return in cash records $150,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,006/mo property income covering a $3,666/mo payment rather than investor’s personal income.
Single Family
Built in 1984
6,030 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Graham Updegrove • California Coastal Real Estate
Mls Name: CRMLS
Mls ID: #SC25270027