1555 Merrill St #70Santa CruzCA95062
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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 Cruz at 1555 Merrill St #70, Santa Cruz, CA, 95062 offers a 8.27% rental yield on a $395,000 purchase with $2,722/mo rent. Total monthly income registers $2,722/mo, and a $1,933/mo payment leaves $279/mo available for distribution. Annual cash flow reaches $3,345/yr on $130,943 to close, and return on cash invested stands at 22.46% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 116.54% and total cumulative return in cash at $152,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,722/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95062, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,788 (100%) |
| Owner Occupied HU | 7,551 (45.0%) |
| Renter Occupied HU | 7,200 (42.9%) |
| Vacant Housing Units | 2,037 (12.1%) |
| Median Home Value | $1,096,316 |
| Average Home Value | $1,166,941 |
Housing Distribution
Address Breakdown
Residential
16,074
Single Family
14,626
Multi-Family
1,448
Businesses
1,258
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Listed by: Stephanie Kingdom • David Lyng Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82016892