198 Main St #12Pismo BeachCA93449
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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 Pismo Beach at 198 Main St #12, Pismo Beach, CA, 93449 offers a 5.55% rental yield on a $614,900 purchase with $2,842/mo rent. 69% in year one. Equity gained on principal adds $3,968/yr while 5% annual appreciation supports $169,886 over five years. Portfolio math shows five-year ROI at 49.66% and total cumulative return in cash at $100,462. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,842/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
435.60 sqft lot
$N/A/sqft
$669 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93449, Pismo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,000 (100%) |
| Owner Occupied HU | 2,599 (43.3%) |
| Renter Occupied HU | 1,538 (25.6%) |
| Vacant Housing Units | 1,863 (31.0%) |
| Median Home Value | $1,084,426 |
| Average Home Value | $1,154,195 |
Housing Distribution
Address Breakdown
Residential
5,142
Single Family
4,889
Multi-Family
253
Businesses
605
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Listed by: Christa Jo Lowry • BHGRE Haven Properties
Mls Name: North Santa Barbara County MLS
Mls Provider:
Mls ID: #25000660
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