1496 Aarhus Dr UNIT PSolvangCA93463
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 1496 Aarhus Dr UNIT P, Solvang, CA, 93463 earns $1,077/mo cash flow from $5,141/mo rent with a $2,937/mo payment. Total monthly income totals $5,141/mo, and annual cash flow totals $12,924/yr on $197,400 capital. ROI tracks 26.61% on current figures, and rental yield reads 10.28% at a $600,000 purchase. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 over five years. Five-year ROI reaches 139.49% and total cumulative return in cash sums $275,352. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,141/mo property income instead of your personal income.
Condo
Built in 1990
1,306 sqft lot
$N/A/sqft
$352 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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Listed by: Dawn S Goonetilleke • Keller Williams Realty Central Coast
Mls Name: North Santa Barbara County MLS
Mls Provider:
Mls ID: #24001480
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