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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Morro Bay, CA
Currently Rented
Rental Income
$ 489,000
ROI
22.0
Cash Flow/m
311- 2 Bed
- 2 Bath
- 1080 sft
3329 Panorama Dr #30, Morro Bay, CA, 93442
$ 445,000
ROI
26.5Cash Flow/m
830- 3 Bed
- 2 Bath
- 1325 sft
513 Aleppo Dr #13, Morro Bay, CA, 93442
Currently Rented
$ 362,500
ROI
22.0Cash Flow/m
223- 2 Bed
- 2 Bath
- 1200 sft
500 Atascadero Rd SPACE C9, Morro Bay, CA, 93442
Fix & Flip
Motivated Seller
$ 750,000
ROI
20.4Cash Flow/m
74- 3 Bed
- 2 Bath
- 1924 sft
399 Hill St, Morro Bay, CA, 93442
Why Invest in Morro Bay, California?
Investing in Morro Bay, CA offers a unique opportunity for those interested in coastal properties, especially when looking at condos. With an average ROI of 7.5% and a rental yield of 6.2%, you can expect solid returns in a vibrant economy. Furthermore, the area is known for its stable property values, driven by ongoing appreciation and high demand for rentals due to its scenic views and tourist attractions.
7.5%
Avg. ROI
6.2%
Rental Yield
5.1%
Cap Rate
$800/mo
Avg. Cash Flow
$2500/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
The average rent in Morro Bay is approximately $2,500, reflecting the area's demand for coastal living.
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