3057 S Higuera St Space 138San 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 138, San Luis Obispo, CA, 93401 uses $97,793 cash to close to unlock $2,615/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $2,043/mo, and a $1,444/mo payment keeps the spread at $218/mo. Purchase price stands at $295,000, and rental yield measures 8.31% with $2,043/mo rent. Return on cash invested shows 22.58% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 117.18% and total cumulative return in cash records $114,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,043/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Manufactured
Built in 1975
2,299 sqft 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: Linda Parks • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls ID: #642832