1940 N Jameson Ln #ASanta BarbaraCA93108
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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 Barbara at 1940 N Jameson Ln #A, Santa Barbara, CA, 93108 offers a 3.73% rental yield on a $1,680,000 purchase with $5,222/mo rent. 97% in year one. Equity gained on principal adds $10,841/yr while 5% annual appreciation supports $464,153 over five years. Portfolio math shows five-year ROI at 44.07% and total cumulative return in cash at $239,908. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,222/mo property income against a $8,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A 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
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Listed by: Jason G Siemens • Sotheby's International Realty
Mls Name: SBMLS
Mls ID: #25-1007