468 Neptune DrNipomoCA93444
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 468 Neptune Dr, Nipomo, CA, 93444 priced at $450,000 converts $4,280/mo rent into $1,496/mo cash flow after a $2,203/mo obligation. Total monthly income equals $4,280/mo, and annual cash flow totals $17,949/yr on $149,175 invested. Return on cash invested prints 31.94% in year one, and rental yield reads 11.41% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 167.36% and total cumulative return in cash sums $249,654. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,280/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Manufactured
Built in 1967
6,098 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: Rosemarie C Dumadara Koerner • New America Realty
Mls Name: North Santa Barbara County MLS
Mls ID: #25001150