175 Miramar AveSanta BarbaraCA93108
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestment property for sale in Santa Barbara at 175 Miramar Ave, Santa Barbara, CA, 93108 projects strong ROI of 28.69%. With 5% annual appreciation, the property builds $1,726,760 in value over five years. Equity growth combined with cash flow delivers a projected five-year ROI of 167.07%, translating into $2,949,805 in total cumulative return on $1,765,625 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.0% |
| Monthly Cash Flow | $8,889 | $1,500 |
City averages based on Santa Barbara market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $49,412 |
| Total Monthly Debt Service | $38,036 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1929
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93108, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,442 (100%) |
| Owner Occupied HU | 2,885 (53.0%) |
| Renter Occupied HU | 1,313 (24.1%) |
| Vacant Housing Units | 1,244 (22.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,968,243 |
Housing Distribution
Address Breakdown
Residential
4,877
Single Family
4,566
Multi-Family
311
Businesses
332
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1929
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93108, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,442 (100%) |
| Owner Occupied HU | 2,885 (53.0%) |
| Renter Occupied HU | 1,313 (24.1%) |
| Vacant Housing Units | 1,244 (22.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,968,243 |
Housing Distribution
Address Breakdown
Residential
4,877
Single Family
4,566
Multi-Family
311
Businesses
332
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices