2531 Cienaga St SPACE 31OceanoCA93445
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
Investment property for sale in Oceano at 2531 Cienaga St SPACE 31, Oceano, CA, 93445 earns $360/mo cash flow from $1,578/mo rent with a $964/mo payment. Total monthly income totals $1,578/mo, and annual cash flow totals $4,314/yr on $65,306 capital. ROI tracks 26.52% on current figures, and rental yield reads 9.61% at a $197,000 purchase. Equity gained on principal adds $1,271/yr, and 5% annual appreciation supports $54,427 over five years. Five-year ROI reaches 138.29% and total cumulative return in cash sums $90,314. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,578/mo property income instead of your personal income.
Manufactured
Built in 1960
5.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93445, Oceano, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,041 (100%) |
| Owner Occupied HU | 1,360 (44.7%) |
| Renter Occupied HU | 1,152 (37.9%) |
| Vacant Housing Units | 529 (17.4%) |
| Median Home Value | $614,087 |
| Average Home Value | $672,846 |
Housing Distribution
Address Breakdown
Residential
2,726
Single Family
2,652
Multi-Family
74
Businesses
120
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Listed by: Patrick A Rodriguez • Berkshire Hathaway HomeServices - Santa Barbara
Mls Name: North Santa Barbara County MLS
Mls ID: #25002364