450 Avenida De Socios APT 12NipomoCA93444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nipomo at 450 Avenida De Socios APT 12, Nipomo, CA, 93444 generates $3,226/mo in rent and, after a $1,953/mo payment, leaves $758/mo in cash flow. Total monthly income is $3,226/mo, and annual cash flow is $9,091/yr on $132,269 invested. Return on cash invested sits at 26.78% in year one, and rental yield is 9.7% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 139.71% and total cumulative return in cash sums $184,790. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,226/mo property income rather than buyer’s personal income.
Condo
Built in 1992
1,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93444, Nipomo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,910 (100%) |
| Owner Occupied HU | 6,140 (68.9%) |
| Renter Occupied HU | 2,112 (23.7%) |
| Vacant Housing Units | 658 ( 7.4%) |
| Median Home Value | $841,968 |
| Average Home Value | $945,447 |
Housing Distribution
Address Breakdown
Residential
8,126
Single Family
6,821
Multi-Family
1,305
Businesses
484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jay Bond • eXp Realty of California, Inc.
Mls Name: CRMLS
Mls ID: #PI25253573