431 Nevis 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
Rental property for sale in Morro Bay at 431 Nevis St, Morro Bay, CA, 93442 priced at $700,000 pairs $2,819/mo rent with after a $3,426/mo payment. Total monthly income equals $2,819/mo. Return on cash invested is 12.19% in year one, and rental yield stands at 4.83% on a $700,000 basis. Equity gained on principal adds $4,517/yr, and 5% annual appreciation accumulates to $193,397 by year five. Five-year ROI measures 61.39% and total cumulative return in cash reaches $141,376. For financing, Ziffy Mortgage’s DSCR program evaluates $2,819/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
2,400 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: Kathleen Thomson • Rock View Realty
Mls Name: CRMLS
Mls ID: #SC25261204