840 S Oak Glen Ave #NANipomoCA93444
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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 Nipomo at 840 S Oak Glen Ave #NA, Nipomo, CA, 93444 priced at $1,150,000 converts $3,787/mo rent into after a $5,629/mo obligation. Total monthly income equals $3,787/mo. Return on cash invested prints 9.65% in year one, and rental yield reads 3.95% against a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 47.75% and total cumulative return in cash sums $177,921. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,787/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Manufactured
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93444, Nipomo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,910 (100%) |
| Owner Occupied HU | 6,140 (68.9%) |
| Renter Occupied HU | 2,112 (23.7%) |
| Vacant Housing Units | 658 ( 7.4%) |
| Median Home Value | $841,968 |
| Average Home Value | $945,447 |
Housing Distribution
Address Breakdown
Residential
8,126
Single Family
6,821
Multi-Family
1,305
Businesses
484
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Listed by: Robert R. Fernandez • Atlas Premier Properties
Mls Name: MLSListings Inc
Mls ID: #ML82029030