1500 Richmond Rd SPACE 1Santa PaulaCA93060
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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 Paula at 1500 Richmond Rd SPACE 1, Santa Paula, CA, 93060 uses $46,410 cash to close to unlock $3,074/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $1,122/mo, and a $685/mo payment keeps the spread at $256/mo. Purchase price stands at $140,000, and rental yield measures 9.62% with $1,122/mo rent. Return on cash invested shows 26.53% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 138.46% and total cumulative return in cash records $64,258. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,122/mo property income covering a $685/mo payment rather than investor’s personal income.
Manufactured
Built in 1965
1,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93060, Santa Paula, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,807 (100%) |
| Owner Occupied HU | 5,778 (53.5%) |
| Renter Occupied HU | 4,600 (42.6%) |
| Vacant Housing Units | 429 ( 4.0%) |
| Median Home Value | $681,405 |
| Average Home Value | $763,214 |
Housing Distribution
Address Breakdown
Residential
10,560
Single Family
9,941
Multi-Family
619
Businesses
850
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Listed by: Kay Wilson-Bolton • eXp Realty of California Inc
Mls Name: CRMLS
Mls ID: #V1-31820