217 E Gilea CtSanta MariaCA93455
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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 Maria at 217 E Gilea Ct, Santa Maria, CA, 93455 uses $205,592 cash to close to unlock $1,366/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $3,980/mo, and a $3,059/mo payment keeps the spread at $114/mo. Purchase price stands at $624,900, and rental yield measures 7.64% with $3,980/mo rent. Return on cash invested shows 20.72% in year one, and 5% annual appreciation builds toward $172,648 over five years. Five-year ROI reaches 107.17% and total cumulative return in cash records $220,337. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,980/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 2004
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93455, Santa Maria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,975 (100%) |
| Owner Occupied HU | 12,004 (70.7%) |
| Renter Occupied HU | 4,212 (24.8%) |
| Vacant Housing Units | 759 ( 4.5%) |
| Median Home Value | $616,358 |
| Average Home Value | $693,383 |
Housing Distribution
Address Breakdown
Residential
16,413
Single Family
15,944
Multi-Family
469
Businesses
1,049
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Listed by: Brandon Smith • United Agents
Mls Name: North Santa Barbara County MLS
Mls ID: #25002284