37 Oceanview Ave #37Half Moon BayCA94019
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 37 Oceanview Ave #37, Half Moon Bay, CA, 94019 in Half Moon Bay hard to pass up. The 11.29% gross yield on a $550,000 purchase results in $5,177/mo in rent and $1,774/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.09). Annual cash flow of $21,293, five-year appreciation of $151,955, and $5,066/yr in equity build-up combine for a projected total cumulative return of $322,770.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 4.5% |
| Monthly Cash Flow | $1,774 | $3,000 |
City averages based on Half Moon Bay market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,177 |
| Total Monthly Debt Service | $3,184 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94019, Half Moon Bay, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,985 (100%) |
| Owner Occupied HU | 3,832 (64.0%) |
| Renter Occupied HU | 1,781 (29.8%) |
| Vacant Housing Units | 372 ( 6.2%) |
| Median Home Value | $1,679,472 |
| Average Home Value | $1,564,963 |
Housing Distribution
Address Breakdown
Residential
5,832
Single Family
5,168
Multi-Family
664
Businesses
738
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94019, Half Moon Bay, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,985 (100%) |
| Owner Occupied HU | 3,832 (64.0%) |
| Renter Occupied HU | 1,781 (29.8%) |
| Vacant Housing Units | 372 ( 6.2%) |
| Median Home Value | $1,679,472 |
| Average Home Value | $1,564,963 |
Housing Distribution
Address Breakdown
Residential
5,832
Single Family
5,168
Multi-Family
664
Businesses
738
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jan & Barbara • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82028044