491 Luzon 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 491 Luzon St, Morro Bay, CA, 93442 listed at $699,000 pairs $3,046/mo rent with a $3,421/mo payment. Total monthly income runs $3,046/mo. Return on cash invested measures 13.39% in year one, and rental yield registers 5.23% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 67.87% and total cumulative return in cash totals $156,086. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,046/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
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: Christopher Bath • Coast Realty
Mls Name: CRMLS
Mls ID: #SC25241992