150 Park AvePismo BeachCA93449
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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 Pismo Beach at 150 Park Ave, Pismo Beach, CA, 93449 priced at $1,425,000 converts $6,438/mo rent into after a $6,975/mo obligation. Total monthly income equals $6,438/mo. Return on cash invested prints 14.19% in year one, and rental yield reads 5.42% against a $1,425,000 entry. Equity gained on principal adds $9,195/yr, while 5% annual appreciation compiles into $393,701 by year five. Five-year ROI reaches 72.08% and total cumulative return in cash sums $332,780. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,438/mo property income covering a $6,975/mo payment, not borrower’s personal income.
Condo
Built in 2003
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93449, Pismo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,000 (100%) |
| Owner Occupied HU | 2,599 (43.3%) |
| Renter Occupied HU | 1,538 (25.6%) |
| Vacant Housing Units | 1,863 (31.0%) |
| Median Home Value | $1,084,426 |
| Average Home Value | $1,154,195 |
Housing Distribution
Address Breakdown
Residential
5,142
Single Family
4,889
Multi-Family
253
Businesses
605
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Listed by: Kiesa Romero • Keller Williams Realty Central Coast
Mls Name: North Santa Barbara County MLS
Mls ID: #25002016