214 E Bennett StNipomoCA93444
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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
Rental property for sale in Nipomo at 214 E Bennett St, Nipomo, CA, 93444 priced at $689,000 converts $3,653/mo rent into after a $3,372/mo obligation. Total monthly income equals $3,653/mo. Return on cash invested prints 16.84% in year one, and rental yield reads 6.36% against a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation compiles into $190,358 by year five. Five-year ROI reaches 86.34% and total cumulative return in cash sums $195,726. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,653/mo property income covering a $3,372/mo payment, not borrower’s personal income.
Single Family
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93444, Nipomo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,910 (100%) |
| Owner Occupied HU | 6,140 (68.9%) |
| Renter Occupied HU | 2,112 (23.7%) |
| Vacant Housing Units | 658 ( 7.4%) |
| Median Home Value | $841,968 |
| Average Home Value | $945,447 |
Housing Distribution
Address Breakdown
Residential
8,126
Single Family
6,821
Multi-Family
1,305
Businesses
484
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Listed by: Robin Mitchell Hee • BHGRE Haven Properties
Mls Name: North Santa Barbara County MLS
Mls ID: #25001835