500 Atascadero Rd SPACE M3Morro 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 500 Atascadero Rd SPACE M3, Morro Bay, CA, 93442 uses $132,269 cash to close to unlock $2,539/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $2,680/mo, and a $1,953/mo payment keeps the spread at $212/mo. Purchase price stands at $399,000, and rental yield measures 8.06% with $2,680/mo rent. Return on cash invested shows 21.83% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 113.13% and total cumulative return in cash records $149,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,680/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Manufactured
Built in 2018
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: Kathy Scruton • Real Estate eBroker Inc.
Mls Name: CRMLS
Mls ID: #SC25250548