220 Miracle LnSanta 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
Rental property for sale in Santa Cruz at 220 Miracle Ln, Santa Cruz, CA, 95060 priced at $1,975,000 converts $7,940/mo rent into after a $9,667/mo obligation. Total monthly income equals $7,940/mo. Return on cash invested prints 12.35% in year one, and rental yield reads 4.82% against a $1,975,000 entry. Equity gained on principal adds $12,744/yr, while 5% annual appreciation compiles into $545,656 by year five. Five-year ROI reaches 62.19% and total cumulative return in cash sums $397,926. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,940/mo property income covering a $9,667/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.90 Acres 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: Paul Burrowes • David Lyng Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82020225