1704 Garnette DrSan Luis ObispoCA93405
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1704 Garnette Dr, San Luis Obispo, CA, 93405 in San Luis Obispo earns a 8.37% gross yield at $368,800. Rent of $2,572/mo nets $291/mo after the $1,658/mo mortgage. The 1.55 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $101,893 and $3,397/yr in equity accumulation project a total cumulative return of $158,568.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $291 | $300 |
City averages based on San Luis Obispo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,572 |
| Total Monthly Debt Service | $2,135 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93405, San Luis Obispo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,037 (100%) |
| Owner Occupied HU | 3,743 (37.3%) |
| Renter Occupied HU | 5,313 (52.9%) |
| Vacant Housing Units | 981 ( 9.8%) |
| Median Home Value | $896,231 |
| Average Home Value | $995,867 |
Housing Distribution
Address Breakdown
Residential
9,389
Single Family
7,914
Multi-Family
1,475
Businesses
444
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
Manufactured
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93405, San Luis Obispo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,037 (100%) |
| Owner Occupied HU | 3,743 (37.3%) |
| Renter Occupied HU | 5,313 (52.9%) |
| Vacant Housing Units | 981 ( 9.8%) |
| Median Home Value | $896,231 |
| Average Home Value | $995,867 |
Housing Distribution
Address Breakdown
Residential
9,389
Single Family
7,914
Multi-Family
1,475
Businesses
444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorelei Komm • GUIDE Real Estate
Mls Name: CRMLS
Mls ID: #NS26021989