1800 El Encanto RdSanta barbaraCA93103
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
Investment Highlights
Investment property for sale in Santa barbara at 1800 El Encanto Rd, Santa barbara, CA, 93103 projects strong ROI of 20.15%. Rental yield 7.35%. With 5% annual appreciation, the property builds $1,933,971 in value over five years. Equity growth combined delivers a projected five-year ROI of 104.05%, translating into $2,359,801 in total cumulative return on $2,268,000 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.
Condo
Built in 1935
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93103, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,001 (100%) |
| Owner Occupied HU | 3,184 (39.8%) |
| Renter Occupied HU | 4,179 (52.2%) |
| Vacant Housing Units | 638 ( 8.0%) |
| Median Home Value | $1,679,710 |
| Average Home Value | $1,613,244 |
Housing Distribution
Address Breakdown
Residential
7,497
Single Family
6,274
Multi-Family
1,223
Businesses
709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cristal Clarke • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-2533
Disclaimer: This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.