1623 23rd St SPC 23OceanoCA93445
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
Rental property for sale in Oceano at 1623 23rd St SPC 23, Oceano, CA, 93445 generates $3,102/mo in rent and, after a $1,958/mo payment, leaves $627/mo in cash flow. Total monthly income is $3,102/mo, and annual cash flow is $7,529/yr on $132,583 invested. Return on cash invested sits at 25.59% in year one, and rental yield is 9.31% on a $399,950 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,499 over five years. Five-year ROI reaches 133.31% and total cumulative return in cash sums $176,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,102/mo property income rather than buyer’s personal income.
Manufactured
Built in 2004
3,001 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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Nearby investment properties with comparable prices
Listed by: Susan Marie Urner • eXp Realty of California Inc
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202500681
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.