216 2nd AveSanta CruzCA95062
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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
Rental property for sale in Santa Cruz at 216 2nd Ave, Santa Cruz, CA, 95062 priced at $1,330,000 converts $4,193/mo rent into after a $6,510/mo obligation. Total monthly income equals $4,193/mo. Return on cash invested prints 9.13% in year one, and rental yield reads 3.78% against a $1,330,000 entry. Equity gained on principal adds $8,582/yr, while 5% annual appreciation compiles into $367,454 by year five. Five-year ROI reaches 44.97% and total cumulative return in cash sums $193,778. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,193/mo property income covering a $6,510/mo payment, not borrower’s personal income.
Single Family
Built in 1928
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95062, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,788 (100%) |
| Owner Occupied HU | 7,551 (45.0%) |
| Renter Occupied HU | 7,200 (42.9%) |
| Vacant Housing Units | 2,037 (12.1%) |
| Median Home Value | $1,096,316 |
| Average Home Value | $1,166,941 |
Housing Distribution
Address Breakdown
Residential
16,074
Single Family
14,626
Multi-Family
1,448
Businesses
1,258
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Listed by: Yu Chih Chiang • Casa Nova Realtors Inc.
Mls Name: MLSListings Inc
Mls ID: #ML82017545