190 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 190 Main St #3, Morro Bay, CA, 93442 offers a 9.51% rental yield on a $165,000 purchase with $1,308/mo rent. Total monthly income registers $1,308/mo, and a $808/mo payment leaves $287/mo available for distribution. Annual cash flow reaches $3,442/yr on $54,698 to close, and return on cash invested stands at 26.2% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 136.59% and total cumulative return in cash at $74,711. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,308/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2010
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: Chris Cucchiara • Keller Williams Realty Central Coast
Mls Name: CRMLS
Mls ID: #PI25272251