1680 Main St #3Morro BayCA93442
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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 Morro Bay at 1680 Main St #3, Morro Bay, CA, 93442 earns $315/mo cash flow from $1,521/mo rent with a $954/mo payment. Total monthly income totals $1,521/mo, and annual cash flow totals $3,781/yr on $64,643 capital. ROI tracks 25.76% on current figures, and rental yield reads 9.36% at a $195,000 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 over five years. Five-year ROI reaches 134.25% and total cumulative return in cash sums $86,782. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,521/mo property income instead of your personal income.
Manufactured
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93442, Morro Bay, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,023 (100%) |
| Owner Occupied HU | 3,052 (43.5%) |
| Renter Occupied HU | 2,245 (32.0%) |
| Vacant Housing Units | 1,726 (24.6%) |
| Median Home Value | $900,602 |
| Average Home Value | $989,842 |
Housing Distribution
Address Breakdown
Residential
5,790
Single Family
5,479
Multi-Family
311
Businesses
558
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Listed by: Christopher Bath • Coast Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #SC24165975
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