116 W Micheltorena StSanta BarbaraCA93101
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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 116 W Micheltorena St, Santa Barbara, CA, 93101 earns $139/mo cash flow from $5,396/mo rent with a $4,159/mo payment. Total monthly income totals $5,396/mo, and annual cash flow totals $1,674/yr on $279,551 capital. ROI tracks 20.66% on current figures, and rental yield reads 7.62% at a $849,700 purchase. Equity gained on principal adds $5,483/yr, and 5% annual appreciation supports $234,756 over five years. Five-year ROI reaches 106.83% and total cumulative return in cash sums $298,643. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,396/mo property income instead of your personal income.
Single Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93101, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,495 (100%) |
| Owner Occupied HU | 2,994 (22.2%) |
| Renter Occupied HU | 9,578 (71.0%) |
| Vacant Housing Units | 923 ( 6.8%) |
| Median Home Value | $1,281,588 |
| Average Home Value | $1,361,541 |
Housing Distribution
Address Breakdown
Residential
12,853
Single Family
8,173
Multi-Family
4,680
Businesses
2,998
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Listed by: Jennifer Berger • Compass
Mls Name: Ojai Valley BOR
Mls ID: #224818