540 Pico Ave UNIT 110San SimeonCA93452
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
Investment property for sale in San Simeon at 540 Pico Ave UNIT 110, San Simeon, CA, 93452 listed at $675,000 pairs $2,870/mo rent with a $3,304/mo payment. Total monthly income runs $2,870/mo. Return on cash invested measures 13% in year one, and rental yield registers 5.1% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 65.78% and total cumulative return in cash totals $146,091. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,870/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
1,218 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93452, San Simeon, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 368 (100%) |
| Owner Occupied HU | 112 (30.4%) |
| Renter Occupied HU | 121 (32.9%) |
| Vacant Housing Units | 135 (36.7%) |
| Median Home Value | $1,329,787 |
| Average Home Value | $1,482,924 |
Housing Distribution
Address Breakdown
Residential
200
Single Family
200
Multi-Family
0
Businesses
46
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Listed by: Jennifer Lawson • Re/Max Pines by the Sea
Mls Name: CRMLS
Mls ID: #SC25224003