1255 38th Ave SPACE 96Santa CruzCA95062
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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 Cruz at 1255 38th Ave SPACE 96, Santa Cruz, CA, 95062 earns $635/mo cash flow from $3,960/mo rent with a $2,631/mo payment. Total monthly income totals $3,960/mo, and annual cash flow totals $7,617/yr on $176,838 capital. ROI tracks 24.37% on current figures, and rental yield reads 8.84% at a $537,500 purchase. Equity gained on principal adds $3,468/yr, and 5% annual appreciation supports $148,501 over five years. Five-year ROI reaches 126.72% and total cumulative return in cash sums $224,085. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,960/mo property income instead of your personal income.
Manufactured
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95062, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,788 (100%) |
| Owner Occupied HU | 7,551 (45.0%) |
| Renter Occupied HU | 7,200 (42.9%) |
| Vacant Housing Units | 2,037 (12.1%) |
| Median Home Value | $1,096,316 |
| Average Home Value | $1,166,941 |
Housing Distribution
Address Breakdown
Residential
16,074
Single Family
14,626
Multi-Family
1,448
Businesses
1,258
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Listed by: Chris Mitchell • Mitchell Properties
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81991844
Disclaimer: Based on information from the MLSListings MLS as of 2025-02-12 00:02:50 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.