2550 Cienaga St SPC 35OceanoCA93445
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 Oceano at 2550 Cienaga St SPC 35, Oceano, CA, 93445 generates $2,556/mo in rent and, after a $1,821/mo payment, leaves $255/mo in cash flow. Total monthly income is $2,556/mo, and annual cash flow is $3,054/yr on $123,318 invested. Return on cash invested sits at 22.39% in year one, and rental yield is 8.25% on a $372,000 entry. Equity gained on principal adds $2,400/yr, while 5% annual appreciation builds toward $102,777 over five years. Five-year ROI reaches 116.13% and total cumulative return in cash sums $143,205. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,556/mo property income rather than buyer’s personal income.
Manufactured
Built in 1987
3,049 sqft 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: Stephanie Adam • CHAMPION Real Estate
Mls Name: North Santa Barbara County MLS
Mls ID: #25002398