274 Higuera St SPACE 8San Luis ObispoCA93401
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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 San Luis Obispo at 274 Higuera St SPACE 8, San Luis Obispo, CA, 93401 uses $71,273 cash to close to unlock $2,559/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,543/mo, and a $1,052/mo payment keeps the spread at $213/mo. Purchase price stands at $215,000, and rental yield measures 8.61% with $1,543/mo rent. Return on cash invested shows 23.5% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 122.15% and total cumulative return in cash records $87,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,543/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93401, San Luis Obispo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,857 (100%) |
| Owner Occupied HU | 7,207 (45.4%) |
| Renter Occupied HU | 7,054 (44.5%) |
| Vacant Housing Units | 1,596 (10.1%) |
| Median Home Value | $999,714 |
| Average Home Value | $1,133,947 |
Housing Distribution
Address Breakdown
Residential
14,795
Single Family
13,129
Multi-Family
1,666
Businesses
2,818
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Listed by: Xochitl Farias • Coast & County Brokers
Mls Name: North Santa Barbara County MLS
Mls ID: #25001978