132 W Alamar Ave APT 5Santa BarbaraCA93105
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Santa Barbara rentals match the income profile of 132 W Alamar Ave APT 5, Santa Barbara, CA, 93105. Listed at $959,000, gross rent is $8,438/mo and net cash flow is $1,851/mo, a 10.56% yield well above national averages. DSCR 1.96 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $264,954 by year five with $8,832/yr in annual principal reduction, projecting $485,587 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 5.0% |
| Monthly Cash Flow | $1,851 | $1,500 |
City averages based on Santa Barbara market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,438 |
| Total Monthly Debt Service | $6,206 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1975
871.20 sqft lot
$N/A/sqft
$655 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93105, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,041 (100%) |
| Owner Occupied HU | 6,109 (50.7%) |
| Renter Occupied HU | 4,906 (40.7%) |
| Vacant Housing Units | 1,026 ( 8.5%) |
| Median Home Value | $1,647,666 |
| Average Home Value | $1,606,828 |
Housing Distribution
Address Breakdown
Residential
11,231
Single Family
8,520
Multi-Family
2,711
Businesses
875
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1975
871.20 sqft lot
$N/A/sqft
$655 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93105, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,041 (100%) |
| Owner Occupied HU | 6,109 (50.7%) |
| Renter Occupied HU | 4,906 (40.7%) |
| Vacant Housing Units | 1,026 ( 8.5%) |
| Median Home Value | $1,647,666 |
| Average Home Value | $1,606,828 |
Housing Distribution
Address Breakdown
Residential
11,231
Single Family
8,520
Multi-Family
2,711
Businesses
875
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices