500 Atascadero Rd SPACE C11Morro 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 500 Atascadero Rd SPACE C11, Morro Bay, CA, 93442 generates $1,549/mo in rent and, after a $1,077/mo payment, leaves $188/mo in cash flow. Total monthly income is $1,549/mo, and annual cash flow is $2,254/yr on $72,930 invested. Return on cash invested sits at 23% in year one, and rental yield is 8.45% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 119.41% and total cumulative return in cash sums $87,083. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,549/mo property income rather than buyer’s personal income.
Manufactured
Built in 2011
N/A 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: Rita Pokoo Aikins • Realty Masters & Associates
Mls Name: CRMLS
Mls ID: #IG25192907