676 N 12th St APT 6Grover 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 676 N 12th St APT 6, Grover Beach, CA, 93433 generates $2,635/mo in rent, after a $2,765/mo payment. Total monthly income is $2,635/mo. Return on cash invested sits at 14.51% in year one, and rental yield is 5.6% on a $564,900 entry. Equity gained on principal adds $3,645/yr, while 5% annual appreciation builds toward $156,071 over five years. Five-year ROI reaches 73.86% and total cumulative return in cash sums $137,276. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,635/mo property income rather than buyer’s personal income.
Condo
Built in 1979
904 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: Dick Keenan • Keller Williams Realty Central Coast
Mls Name: CRMLS
Mls ID: #PI25183734