3860 S Higuera St SPC C3San 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 SPC C3, San Luis Obispo, CA, 93401 offers $4,991/mo rent that, after a $1,297/mo payment, leaves $3,352/mo cash flow. Total monthly income is $4,991/mo, and annual cash flow is $40,222/yr on $87,814 cash. Return on cash invested measures 65.71% in year one, and rental yield stands at 22.61% at a $264,900 entry. Equity gained on principal adds $1,709/yr while 5% annual appreciation compounds into $73,187 by year five. Five-year ROI records 348.46% and total cumulative return in cash reaches $305,996. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,991/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2009
N/A 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: Shane Joffe • HomeQuest
Mls Name: My State MLS
Mls ID: #11221622