1555 Merrill St Spc 61Santa 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 Spc 61, Santa Cruz, CA, 95062 earns $143/mo cash flow from $1,931/mo rent with a $1,415/mo payment. Total monthly income totals $1,931/mo, and annual cash flow totals $1,712/yr on $95,804 capital. ROI tracks 21.7% on current figures, and rental yield reads 8.02% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 112.45% and total cumulative return in cash sums $107,726. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,931/mo property income instead of your personal income.
Manufactured
Built in 1965
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: Shannon Shaffer • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82032628