1555 Merrill St SPACE 15Santa 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
Rental property for sale in Santa Cruz at 1555 Merrill St SPACE 15, Santa Cruz, CA, 95062 generates $2,431/mo in rent, after a $2,031/mo payment. Total monthly income is $2,431/mo. Return on cash invested sits at 18.72% in year one, and rental yield is 7.03% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 96.46% and total cumulative return in cash sums $132,705. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,431/mo property income rather than buyer’s personal income.
Manufactured
Built in 1987
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: #ML82026133