15 Paseo Del RioSolvangCA93463
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 15 Paseo Del Rio, Solvang, CA, 93463 at $334,998 posts ROI 53.31% with $3,091/mo cash flow from $5,164/mo rent. Total monthly income equals $5,164/mo, and annual cash flow records $37,096/yr on $111,052 to close. Return on cash invested measures 53.31% and rental yield reads 18.5% at the current $334,998. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 by year five. Five-year ROI prints 281.99% and total cumulative return in cash totals $313,160.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,164/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1975
435.60 sqft lot
$N/A/sqft
No 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: Sonya Haifi • P.B. & Associates
Mls Name: North Santa Barbara County MLS
Mls Provider:
Mls ID: #24001598
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.