132 W Alamar Ave APT 5Santa BarbaraCA93105
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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 Barbara at 132 W Alamar Ave APT 5, Santa Barbara, CA, 93105 at $959,000 posts ROI 27.1% with $1,850/mo cash flow from $8,438/mo rent. Total monthly income equals $8,438/mo, and annual cash flow records $22,203/yr on $315,511 to close. Return on cash invested measures 27.1% and rental yield reads 10.56% at the current $959,000. Equity gained on principal adds $6,188/yr, and 5% annual appreciation supports $264,954 by year five. Five-year ROI prints 142.26% and total cumulative return in cash totals $448,843.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,438/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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Listed by: Jedd Hewitt • Keller Williams Santa Barbara
Mls Name: North Santa Barbara County MLS
Mls Provider:
Mls ID: #24001161
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.