654 Rockaway AveGrover BeachCA93433
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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 Grover Beach at 654 Rockaway Ave, Grover Beach, CA, 93433 generates $3,950/mo in rent, after a $3,911/mo payment. Total monthly income is $3,950/mo. Return on cash invested sits at 15.53% in year one, and rental yield is 5.93% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 79.3% and total cumulative return in cash sums $208,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,950/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93433, Grover Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,838 (100%) |
| Owner Occupied HU | 2,653 (45.4%) |
| Renter Occupied HU | 2,454 (42.0%) |
| Vacant Housing Units | 731 (12.5%) |
| Median Home Value | $777,065 |
| Average Home Value | $848,537 |
Housing Distribution
Address Breakdown
Residential
5,661
Single Family
5,290
Multi-Family
371
Businesses
625
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Listed by: JADA DAVIS • OAK AND VINE REALTY GROUP, INC.
Mls Name: North Santa Barbara County MLS
Mls ID: #25001977