215 David CtSan Luis ObispoCA93405
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
Investment Highlights
Rental property for sale in San Luis Obispo at 215 David Ct, San Luis Obispo, CA, 93405 offers $1,536/mo rent that, after a $954/mo payment, leaves $330/mo cash flow. Total monthly income is $1,536/mo, and annual cash flow is $3,961/yr on $64,643 cash. Return on cash invested measures 26.04% in year one, and rental yield stands at 9.45% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 135.77% and total cumulative return in cash reaches $87,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,536/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1976
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maci Umbertis • RE/MAX Parkside Real Estate
Mls Name: CRMLS
Mls ID: #NS25193569