515 Grande Ave APT GNipomoCA93444
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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 Nipomo at 515 Grande Ave APT G, Nipomo, CA, 93444 at $413,900 posts ROI 16.08% with from $2,497/mo rent. Total monthly income equals $2,497/mo. Return on cash invested measures 16.08% and rental yield reads 7.24% at the current $413,900. Equity gained on principal adds $2,671/yr, and 5% annual appreciation supports $114,353 by year five. Five-year ROI prints 83.51% and total cumulative return in cash totals $114,576. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,497/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1992
1,091 sqft lot
$N/A/sqft
$317 monthly 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
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Listed by: N/A • N/A
Mls Name: CRMLS
Mls Provider:
Mls ID: #PI25130634
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-20 22:02:44 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information