219 Lema Dr #219NipomoCA93444
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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 Nipomo at 219 Lema Dr #219, Nipomo, CA, 93444 offers a 9.06% rental yield on a $530,000 purchase with $4,001/mo rent. Total monthly income registers $4,001/mo, and a $2,594/mo payment leaves $722/mo available for distribution. Annual cash flow reaches $8,669/yr on $174,370 to close, and return on cash invested stands at 25.03% in year one. Equity gained on principal adds $3,420/yr while 5% annual appreciation supports $146,429 over five years. Portfolio math shows five-year ROI at 130.29% and total cumulative return in cash at $227,179. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,001/mo property income against a $2,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1976
7,049 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: Joseph Lopez • Pacific Coast Highway Real Estate Group
Mls Name: CRMLS
Mls ID: #PI25229593