498 Orcas 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 498 Orcas St, Morro Bay, CA, 93442 priced at $625,000 converts $3,583/mo rent into after a $3,059/mo obligation. Total monthly income equals $3,583/mo. Return on cash invested prints 18.41% in year one, and rental yield reads 6.88% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 94.75% and total cumulative return in cash sums $194,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,583/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 1995
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: Evan Remedios • RE/MAX Gold Coast REALTORS
Mls Name: CRMLS
Mls ID: #V1-32963