1218 E Walnut Ave UNIT BLompocCA93436
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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 Lompoc at 1218 E Walnut Ave UNIT B, Lompoc, CA, 93436 uses $112,379 cash to close to unlock $9,781/yr annual cash flow and $815/mo monthly cash flow. Total monthly income runs $3,185/mo, and a $1,659/mo payment keeps the spread at $815/mo. Purchase price stands at $339,000, and rental yield measures 11.27% with $3,185/mo rent. Return on cash invested shows 28.61% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 150.6% and total cumulative return in cash records $169,240. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,185/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Condo
Built in 1980
435.60 sqft lot
$N/A/sqft
$273 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93436, Lompoc, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,538 (100%) |
| Owner Occupied HU | 10,053 (51.5%) |
| Renter Occupied HU | 8,540 (43.7%) |
| Vacant Housing Units | 945 ( 4.8%) |
| Median Home Value | $513,530 |
| Average Home Value | $612,471 |
Housing Distribution
Address Breakdown
Residential
18,820
Single Family
17,507
Multi-Family
1,313
Businesses
1,120
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Listed by: Lynn A White • Ebberts Heritage Real Estate
Mls Name: North Santa Barbara County MLS
Mls Provider:
Mls ID: #24001666
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX program of the North Santa Barbara County Multiple Listing Service and its affiliated associations. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX icon and detailed information about them include the name of the listing broker and listing agent. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Buyers are advised to confirm all data provided Listings displayed are the property of the member Associations of the North Santa Barbara County MLS, and are protected under one or more of the following copyright registrations: Lompoc Valley Association of REALTORS, Inc. Copyright 2024, Santa Maria Association of REALTORS, Inc. Copyright 2024; Santa Ynez Valley Association of REALTORS, Inc. Copyright 2024. All rights reserved.