1945 Oceanaire DrSan Luis ObispoCA93405
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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 San Luis Obispo at 1945 Oceanaire Dr, San Luis Obispo, CA, 93405 earns $1,165/mo cash flow from $6,299/mo rent with a $4,062/mo payment. Total monthly income totals $6,299/mo, and annual cash flow totals $13,979/yr on $273,070 capital. ROI tracks 25.18% on current figures, and rental yield reads 9.11% at a $830,000 purchase. Equity gained on principal adds $5,356/yr, and 5% annual appreciation supports $229,314 over five years. Five-year ROI reaches 131.06% and total cumulative return in cash sums $357,882. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,299/mo property income instead of your personal income.
Single Family
Built in 1962
7,840 sqft 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
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Listed by: Michael Puhek • Re/Max Success
Mls Name: North Santa Barbara County MLS
Mls ID: #25001848