359 N 3rd StGrover BeachCA93433
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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 Grover Beach at 359 N 3rd St, Grover Beach, CA, 93433 offers a 4.37% rental yield on a $1,000,000 purchase with $3,643/mo rent. 78% in year one. Equity gained on principal adds $6,453/yr while 5% annual appreciation supports $276,282 over five years. Portfolio math shows five-year ROI at 53.87% and total cumulative return in cash at $177,220. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,643/mo property income against a $4,895/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1979
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93433, Grover Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,838 (100%) |
| Owner Occupied HU | 2,653 (45.4%) |
| Renter Occupied HU | 2,454 (42.0%) |
| Vacant Housing Units | 731 (12.5%) |
| Median Home Value | $777,065 |
| Average Home Value | $848,537 |
Housing Distribution
Address Breakdown
Residential
5,661
Single Family
5,290
Multi-Family
371
Businesses
625
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Listed by: Mitchell Zurich • Marcus & Millichap
Mls Name: MLSListings Inc
Mls ID: #ML82030354