1317 Riverside DrLompocCA93436
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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 1317 Riverside Dr, Lompoc, CA, 93436 uses $140,888 cash to close to unlock $2,136/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $2,807/mo, and a $2,080/mo payment keeps the spread at $178/mo. Purchase price stands at $425,000, and rental yield measures 7.93% with $2,807/mo rent. Return on cash invested shows 21.43% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 110.99% and total cumulative return in cash records $156,377. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,807/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 1983
1,742 sqft lot
$N/A/sqft
No 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: MYLES JOHNSON • LPT REALTY, INC
Mls Name: North Santa Barbara County MLS
Mls ID: #25001649