575 Carmella DrArroyo GrandeCA93420
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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 Arroyo Grande at 575 Carmella Dr, Arroyo Grande, CA, 93420 priced at $979,000 converts $3,239/mo rent into after a $4,792/mo obligation. Total monthly income equals $3,239/mo. Return on cash invested prints 9.56% in year one, and rental yield reads 3.97% against a $979,000 entry. Equity gained on principal adds $6,317/yr, while 5% annual appreciation compiles into $270,480 by year five. Five-year ROI reaches 47.33% and total cumulative return in cash sums $152,434. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,239/mo property income covering a $4,792/mo payment, not borrower’s personal income.
Single Family
Built in 1971
6,416 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93420, Arroyo Grande, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,496 (100%) |
| Owner Occupied HU | 8,722 (64.6%) |
| Renter Occupied HU | 3,549 (26.3%) |
| Vacant Housing Units | 1,225 ( 9.1%) |
| Median Home Value | $935,530 |
| Average Home Value | $1,044,501 |
Housing Distribution
Address Breakdown
Residential
12,574
Single Family
12,128
Multi-Family
446
Businesses
847
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Listed by: Berta Barrientos-Guerrero • Auer Real Estate Inc.
Mls Name: CRMLS
Mls ID: #PI25199978