1493 Aarhus Dr UNIT 2SolvangCA93463
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
Investment Highlights
Investment property for sale in Solvang at 1493 Aarhus Dr UNIT 2, Solvang, CA, 93463 at $717,000 posts ROI 13.42% with from $3,524/mo rent. Total monthly income equals $3,524/mo. Return on cash invested measures 13.42% and rental yield reads 5.9% at the current $717,000. Equity gained on principal adds $4,627/yr, and 5% annual appreciation supports $198,094 by year five. Five-year ROI prints 68.76% and total cumulative return in cash totals $162,193. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,524/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1989
1,306 sqft lot
$N/A/sqft
$382 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93463, Solvang, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,899 (100%) |
| Owner Occupied HU | 2,236 (57.3%) |
| Renter Occupied HU | 1,329 (34.1%) |
| Vacant Housing Units | 334 ( 8.6%) |
| Median Home Value | $1,375,604 |
| Average Home Value | $1,390,312 |
Housing Distribution
Address Breakdown
Residential
3,461
Single Family
3,292
Multi-Family
169
Businesses
466
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Nearby investment properties with comparable prices
Listed by: Karin J Aitken • Berkshire Hathaway HomeServ-Los Olivos
Mls Name: North Santa Barbara County MLS
Mls Provider:
Mls ID: #24001513
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