1131 Las Alturas Rd #2Santa BarbaraCA93103
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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
Investment property for sale in Santa Barbara at 1131 Las Alturas Rd #2, Santa Barbara, CA, 93103 uses $328,671 cash to close to unlock $29,515/yr annual cash flow and $2,460/mo monthly cash flow. Total monthly income runs $8,640/mo, and a $4,890/mo payment keeps the spread at $2,460/mo. Purchase price stands at $999,000, and rental yield measures 10.38% with $8,640/mo rent. Return on cash invested shows 29.04% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 151.77% and total cumulative return in cash records $498,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,640/mo property income covering a $4,890/mo payment rather than investor’s personal income.
Single Family
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93103, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,001 (100%) |
| Owner Occupied HU | 3,184 (39.8%) |
| Renter Occupied HU | 4,179 (52.2%) |
| Vacant Housing Units | 638 ( 8.0%) |
| Median Home Value | $1,679,710 |
| Average Home Value | $1,613,244 |
Housing Distribution
Address Breakdown
Residential
7,497
Single Family
6,274
Multi-Family
1,223
Businesses
709
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Listed by: Stacie Scifres • Engel & Vlkers Dana Point
Mls Name: Engel & Volkers
Mls Provider:
Mls ID: #OC25164917