1676 Maple Ave UNITS 22 & 24SolvangCA93463
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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 Solvang at 1676 Maple Ave UNITS 22 & 24, Solvang, CA, 93463 offers a 8.78% rental yield on a $885,000 purchase with $6,474/mo rent. Total monthly income registers $6,474/mo, and a $4,332/mo payment leaves $999/mo available for distribution. Annual cash flow reaches $11,986/yr on $291,165 to close, and return on cash invested stands at 24.18% in year one. Equity gained on principal adds $5,711/yr while 5% annual appreciation supports $244,509 over five years. Portfolio math shows five-year ROI at 125.69% and total cumulative return in cash at $365,958. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,474/mo property income against a $4,332/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
1,742 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: Michelle Glaus • Village Properties
Mls Name: North Santa Barbara County MLS
Mls ID: #25001544