408 Sicily 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 408 Sicily St, Morro Bay, CA, 93442 at $489,000 posts ROI 17.5% with from $2,699/mo rent. Total monthly income equals $2,699/mo. Return on cash invested measures 17.5% and rental yield reads 6.62% at the current $489,000. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 by year five. Five-year ROI prints 89.91% and total cumulative return in cash totals $145,750. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,699/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1942
2,800 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: Sarah Weber • Compass
Mls Name: CRMLS
Mls ID: #SC25264282