38 Seascape Dr #38Half Moon BayCA94019
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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
Rental property for sale in Half Moon Bay at 38 Seascape Dr #38, Half Moon Bay, CA, 94019 offers $5,110/mo rent that, after a $1,654/mo payment, leaves $3,019/mo cash flow. Total monthly income is $5,110/mo, and annual cash flow is $36,233/yr on $112,047 cash. Return on cash invested measures 52.25% in year one, and rental yield stands at 18.14% at a $338,000 entry. Equity gained on principal adds $2,181/yr while 5% annual appreciation compounds into $93,383 by year five. Five-year ROI records 276.27% and total cumulative return in cash reaches $309,554. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,110/mo property income versus a $1,654/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1984
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
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Listed by: Jan & Barbara • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81965082
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 21:30:36 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.