215 Easter StMorro 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
Rental property for sale in Morro Bay at 215 Easter St, Morro Bay, CA, 93442 priced at $1,080,000 converts $4,438/mo rent into after a $5,286/mo obligation. Total monthly income equals $4,438/mo. Return on cash invested prints 12.53% in year one, and rental yield reads 4.93% against a $1,080,000 entry. Equity gained on principal adds $6,969/yr, while 5% annual appreciation compiles into $298,384 by year five. Five-year ROI reaches 63.24% and total cumulative return in cash sums $221,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,438/mo property income covering a $5,286/mo payment, not borrower’s personal income.
Single Family
Built in 1973
5,850 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: Jaime A. Martinez • Hoekstra & Associates Inc
Mls Name: Kings County MLS
Mls Provider:
Mls ID: #232538
Disclaimer: Based on information from the Kings County Board of REALTORS, (alternatively, from the Kings County MLS) as of 2025-10-28 02:31:05 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.