240 Pacific 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 240 Pacific St, Morro Bay, CA, 93442 generates $2,249/mo in rent, after a $4,895/mo payment. Total monthly income is $2,249/mo. Return on cash invested sits at 5.7% in year one, and rental yield is 2.7% on a $1,000,000 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 26.61% and total cumulative return in cash sums $87,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,249/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
3,150 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: Kimberly Cade • Realty World Advantage
Mls Name: CRMLS
Mls ID: #SC25269318