311 Lobos AvePacific GroveCA93950
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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 Pacific Grove at 311 Lobos Ave, Pacific Grove, CA, 93950 offers a 3.22% rental yield on a $1,655,000 purchase with $4,442/mo rent. 4% in year one. Equity gained on principal adds $10,679/yr while 5% annual appreciation supports $457,246 over five years. Portfolio math shows five-year ROI at 35.66% and total cumulative return in cash at $191,211. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,442/mo property income against a $8,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
3,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93950, Pacific Grove, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,117 (100%) |
| Owner Occupied HU | 3,252 (40.1%) |
| Renter Occupied HU | 3,449 (42.5%) |
| Vacant Housing Units | 1,416 (17.4%) |
| Median Home Value | $1,218,586 |
| Average Home Value | $1,311,521 |
Housing Distribution
Address Breakdown
Residential
7,786
Single Family
6,800
Multi-Family
986
Businesses
1,054
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Listed by: Sandra Schirmer • Sothebys International Realty
Mls Name: MLSListings Inc
Mls ID: #ML82023341