200 Panetta Ave #2Santa CruzCA95060
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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 200 Panetta Ave #2, Santa Cruz, CA, 95060 offers a 5.17% rental yield on a $1,825,000 purchase with $7,861/mo rent. 41% in year one. Equity gained on principal adds $11,776/yr while 5% annual appreciation supports $504,214 over five years. Portfolio math shows five-year ROI at 67.9% and total cumulative return in cash at $401,496. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,861/mo property income against a $8,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95060, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,846 (100%) |
| Owner Occupied HU | 9,053 (43.4%) |
| Renter Occupied HU | 9,392 (45.1%) |
| Vacant Housing Units | 2,401 (11.5%) |
| Median Home Value | $1,387,725 |
| Average Home Value | $1,409,930 |
Housing Distribution
Address Breakdown
Residential
18,805
Single Family
16,578
Multi-Family
2,227
Businesses
2,179
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Listed by: Carol Lezin • JR Parrish Inc.
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81955488
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 23:32:43 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.