1955 Ironwood Ave UNIT KMorro 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 1955 Ironwood Ave UNIT K, Morro Bay, CA, 93442 listed at $459,000 pairs $3,124/mo rent with a $2,247/mo payment to leave $284/mo cash flow. Total monthly income runs $3,124/mo, and annual cash flow reaches $3,409/yr on $152,159 cash to close. Return on cash invested measures 22.15% in year one, and rental yield registers 8.17% at a $459,000 basis. Equity gained on principal adds $2,962/yr, and annual property appreciation at 5% supports $126,813 by year five. Five-year ROI tracks 114.88% and total cumulative return in cash totals $174,803. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,124/mo property income relative to a $2,247/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
816 sqft 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 Langley • Compass
Mls Name: CRMLS
Mls ID: #SC25277998