399 Hill StMorro BayCA93442
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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 Morro Bay at 399 Hill St, Morro Bay, CA, 93442 earns $74/mo cash flow from $4,714/mo rent with a $3,671/mo payment. Total monthly income totals $4,714/mo, and annual cash flow totals $891/yr on $246,750 capital. ROI tracks 20.42% on current figures, and rental yield reads 7.54% at a $750,000 purchase. Equity gained on principal adds $4,840/yr, and 5% annual appreciation supports $207,211 over five years. Five-year ROI reaches 105.56% and total cumulative return in cash sums $260,466. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,714/mo property income instead of your personal income.
Single Family
Built in 1959
6,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93442, Morro Bay, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,023 (100%) |
| Owner Occupied HU | 3,052 (43.5%) |
| Renter Occupied HU | 2,245 (32.0%) |
| Vacant Housing Units | 1,726 (24.6%) |
| Median Home Value | $900,602 |
| Average Home Value | $989,842 |
Housing Distribution
Address Breakdown
Residential
5,790
Single Family
5,479
Multi-Family
311
Businesses
558
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Listed by: Kathy Scruton • Real Estate eBroker Inc.
Mls Name: CRMLS
Mls ID: #SC25244359