2840 Black Horse LnPaso RoblesCA93446
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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 Paso Robles at 2840 Black Horse Ln, Paso Robles, CA, 93446 offers a 9.29% rental yield on a $569,000 purchase with $4,404/mo rent. Total monthly income registers $4,404/mo, and a $2,785/mo payment leaves $884/mo available for distribution. Annual cash flow reaches $10,608/yr on $187,201 to close, and return on cash invested stands at 25.73% in year one. Equity gained on principal adds $3,672/yr while 5% annual appreciation supports $157,204 over five years. Portfolio math shows five-year ROI at 134.03% and total cumulative return in cash at $250,907. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,404/mo property income against a $2,785/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93446, Paso Robles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,087 (100%) |
| Owner Occupied HU | 11,680 (58.1%) |
| Renter Occupied HU | 5,915 (29.4%) |
| Vacant Housing Units | 2,492 (12.4%) |
| Median Home Value | $755,010 |
| Average Home Value | $851,008 |
Housing Distribution
Address Breakdown
Residential
18,199
Single Family
17,149
Multi-Family
1,050
Businesses
1,684
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Listed by: Hal Sweasey • Keller Williams Realty Central Coast
Mls Name: CRMLS
Mls ID: #SC25182449