1193 Sumner Pl APT CSanta MariaCA93455
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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 Maria at 1193 Sumner Pl APT C, Santa Maria, CA, 93455 priced at $425,000 converts $3,046/mo rent into $417/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,046/mo, and annual cash flow totals $5,004/yr on $140,888 invested. Return on cash invested prints 23.46% in year one, and rental yield reads 8.6% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 121.91% and total cumulative return in cash sums $171,761. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,046/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Condo
Built in 1983
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93455, Santa Maria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,975 (100%) |
| Owner Occupied HU | 12,004 (70.7%) |
| Renter Occupied HU | 4,212 (24.8%) |
| Vacant Housing Units | 759 ( 4.5%) |
| Median Home Value | $616,358 |
| Average Home Value | $693,383 |
Housing Distribution
Address Breakdown
Residential
16,413
Single Family
15,944
Multi-Family
469
Businesses
1,049
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Listed by: Krista Murchison • O.I.C. Real Estate Services
Mls Name: North Santa Barbara County MLS
Mls ID: #25002084