521 Olive StreetPaso RoblesCA93446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Paso Robles at 521 Olive Street, Paso Robles, CA, 93446 offers $3,688/mo rent that, after a $3,401/mo payment. Total monthly income is $3,688/mo. Return on cash invested measures 16.86% in year one, and rental yield stands at 6.37% at a $694,900 entry. Equity gained on principal adds $4,484/yr while 5% annual appreciation compounds into $191,988 by year five. Five-year ROI records 86.44% and total cumulative return in cash reaches $197,614. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,688/mo property income versus a $3,401/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
8,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93446, Paso Robles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,087 (100%) |
| Owner Occupied HU | 11,680 (58.1%) |
| Renter Occupied HU | 5,915 (29.4%) |
| Vacant Housing Units | 2,492 (12.4%) |
| Median Home Value | $755,010 |
| Average Home Value | $851,008 |
Housing Distribution
Address Breakdown
Residential
18,199
Single Family
17,149
Multi-Family
1,050
Businesses
1,684
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Listed by: Jenny Madrid • Legacy Real Estate Inc
Mls Name: TCMLS
Mls Provider:
Mls ID: #231135
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2024-09-03 09:38:40 PDT. 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.