1070 Miramonte Dr APT 10Santa BarbaraCA93109
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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 Barbara at 1070 Miramonte Dr APT 10, Santa Barbara, CA, 93109 generates $3,810/mo in rent, after a $3,607/mo payment. Total monthly income is $3,810/mo. Return on cash invested sits at 16.35% in year one, and rental yield is 6.2% on a $737,000 entry. Equity gained on principal adds $4,756/yr, while 5% annual appreciation builds toward $203,620 over five years. Five-year ROI reaches 83.75% and total cumulative return in cash sums $203,068. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,810/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93109, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,162 (100%) |
| Owner Occupied HU | 2,729 (52.9%) |
| Renter Occupied HU | 1,992 (38.6%) |
| Vacant Housing Units | 441 ( 8.5%) |
| Median Home Value | $1,882,616 |
| Average Home Value | $1,791,437 |
Housing Distribution
Address Breakdown
Residential
4,631
Single Family
4,064
Multi-Family
567
Businesses
134
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Listed by: Brittany A Lough • Village Properties - 1
Mls Name: SBMLS
Mls ID: #26-58