359 Cerro Ln LOT 22NipomoCA93444
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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 Nipomo at 359 Cerro Ln LOT 22, Nipomo, CA, 93444 offers a 6.78% rental yield on a $777,999 purchase with $4,397/mo rent. 11% in year one. Equity gained on principal adds $5,020/yr while 5% annual appreciation supports $214,947 over five years. Portfolio math shows five-year ROI at 93.17% and total cumulative return in cash at $238,488. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,397/mo property income against a $3,808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93444, Nipomo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,910 (100%) |
| Owner Occupied HU | 6,140 (68.9%) |
| Renter Occupied HU | 2,112 (23.7%) |
| Vacant Housing Units | 658 ( 7.4%) |
| Median Home Value | $841,968 |
| Average Home Value | $945,447 |
Housing Distribution
Address Breakdown
Residential
8,126
Single Family
6,821
Multi-Family
1,305
Businesses
484
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Listed by: Donna Kornrumpf • Coastal Community Builders
Mls Name: North Santa Barbara County MLS
Mls ID: #25002256