198 Main St #305Pismo BeachCA93449
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 198 Main St #305, Pismo Beach, CA, 93449 in Pismo Beach fits: $559,000, 5.2% gross yield, and a projected 5% annual appreciation rate adding $154,441 in value within five years. Rental yield 5.2%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.96) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,148/yr in principal paydown and $154,441 in appreciation project a total return of $104,985.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 7.0% |
| Monthly Cash Flow | $(1,707) | $1,500 |
City averages based on Pismo Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,420 |
| Total Monthly Debt Service | $3,905 |
| DSCR Ratio | 0.62x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rane Aguilar • Century 21 Masters
Mls Name: North Santa Barbara County MLS
Mls Provider:
Mls ID: #26000606
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