190 Main St #5Morro BayCA93442
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
Investment property for sale in Morro Bay at 190 Main St #5, Morro Bay, CA, 93442 with 5% annual appreciation on a $215,000 basis while $3,389/mo rent supports operations. Total monthly income totals $3,389/mo and a $1,052/mo payment preserves $2,059/mo for cash returns. Annual cash flow comes to $24,711/yr on $71,273 deployed, and return on cash invested reaches 54.58% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 18.92%. Five-year ROI measures 288.8% and total cumulative return in cash totals $205,837.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,389/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1964
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob Bennett • Horizon Realty & Property Mgt
Mls Name: CRMLS
Mls Provider:
Mls ID: #SC24107613
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information