3057 S Higuera St SPACE 111San 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 3057 S Higuera St SPACE 111, San Luis Obispo, CA, 93401 uses $132,103 cash to close to unlock $11,079/yr annual cash flow and $923/mo monthly cash flow. Total monthly income runs $3,388/mo, and a $1,950/mo payment keeps the spread at $923/mo. Purchase price stands at $398,500, and rental yield measures 10.2% with $3,388/mo rent. Return on cash invested shows 28.3% in year one, and 5% annual appreciation builds toward $110,098 over five years. Five-year ROI reaches 147.83% and total cumulative return in cash records $195,289. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,388/mo property income covering a $1,950/mo payment rather than investor’s personal income.
Manufactured
Built in 1973
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: Steven Ingels • BHGRE HAVEN PROPERTIES
Mls Name: CRMLS
Mls ID: #SC25243019