1040 38th Ave SPACE 49Santa CruzCA95062
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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 Santa Cruz at 1040 38th Ave SPACE 49, Santa Cruz, CA, 95062 generates $4,576/mo in rent and, after a $2,129/mo payment, leaves $1,885/mo in cash flow. Total monthly income is $4,576/mo, and annual cash flow is $22,621/yr on $144,203 invested. Return on cash invested sits at 35.6% in year one, and rental yield is 12.62% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 186.98% and total cumulative return in cash sums $269,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,576/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95062, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,788 (100%) |
| Owner Occupied HU | 7,551 (45.0%) |
| Renter Occupied HU | 7,200 (42.9%) |
| Vacant Housing Units | 2,037 (12.1%) |
| Median Home Value | $1,096,316 |
| Average Home Value | $1,166,941 |
Housing Distribution
Address Breakdown
Residential
16,074
Single Family
14,626
Multi-Family
1,448
Businesses
1,258
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Listed by: Tommy Ligon • Bailey Properties
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82022211
Disclaimer: Based on information from the MLSListings MLS as of 2025-10-23 02:39:28 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.