3860 S Higuera StSan Luis ObispoCA93401
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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 San Luis Obispo at 3860 S Higuera St, San Luis Obispo, CA, 93401 priced at $299,500 pairs $5,078/mo rent with $3,225/mo cash flow after a $1,466/mo payment. Total monthly income equals $5,078/mo, and annual cash flow comes to $38,702/yr on $99,284 invested. Return on cash invested is 58.89% in year one, and rental yield stands at 20.35% on a $299,500 basis. Equity gained on principal adds $1,933/yr, and 5% annual appreciation accumulates to $82,746 by year five. Five-year ROI measures 311.92% and total cumulative return in cash reaches $309,683. For financing, Ziffy Mortgage’s DSCR program evaluates $5,078/mo property income against a $1,466/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1973
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93401, San Luis Obispo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,857 (100%) |
| Owner Occupied HU | 7,207 (45.4%) |
| Renter Occupied HU | 7,054 (44.5%) |
| Vacant Housing Units | 1,596 (10.1%) |
| Median Home Value | $999,714 |
| Average Home Value | $1,133,947 |
Housing Distribution
Address Breakdown
Residential
14,795
Single Family
13,129
Multi-Family
1,666
Businesses
2,818
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Listed by: Glenda Muto • Big Block Realty, Inc.
Mls Name: North Santa Barbara County MLS
Mls Provider:
Mls ID: #24001622
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