890 Pacific StMorro BayCA93442
INVESTMENT ANALYSIS
Investment Verdict
Solid Income890 Pacific St, Morro Bay, CA, 93442 in Morro Bay is a solid income-producing rental, 9.17% gross yield, $6,490/mo rent, $1,238/mo net cash flow on a $849,000 buy. DSCR 1.70 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $234,563 and $7,819/yr in principal reduction project a total cumulative return of $401,573.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $1,238 | $800 |
City averages based on Morro Bay market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,490 |
| Total Monthly Debt Service | $4,914 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
5,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93442, Morro Bay, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,023 (100%) |
| Owner Occupied HU | 3,052 (43.5%) |
| Renter Occupied HU | 2,245 (32.0%) |
| Vacant Housing Units | 1,726 (24.6%) |
| Median Home Value | $900,602 |
| Average Home Value | $989,842 |
Housing Distribution
Address Breakdown
Residential
5,790
Single Family
5,479
Multi-Family
311
Businesses
558
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
Single Family
Built in 1953
5,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93442, Morro Bay, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,023 (100%) |
| Owner Occupied HU | 3,052 (43.5%) |
| Renter Occupied HU | 2,245 (32.0%) |
| Vacant Housing Units | 1,726 (24.6%) |
| Median Home Value | $900,602 |
| Average Home Value | $989,842 |
Housing Distribution
Address Breakdown
Residential
5,790
Single Family
5,479
Multi-Family
311
Businesses
558
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices