2308 7th 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
Investment property for sale in Santa Cruz at 2308 7th Ave, Santa Cruz, CA, 95062 listed at $313,000 pairs $3,103/mo rent with a $1,532/mo payment to leave $1,167/mo cash flow. Total monthly income runs $3,103/mo, and annual cash flow reaches $14,000/yr on $103,760 cash to close. Return on cash invested measures 33.4% in year one, and rental yield registers 11.9% at a $313,000 basis. Equity gained on principal adds $2,020/yr, and annual property appreciation at 5% supports $86,476 by year five. Five-year ROI tracks 175.2% and total cumulative return in cash totals $181,789. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,103/mo property income relative to a $1,532/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
653 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: Brian Dombroski • Dombroski Realty
Mls Name: CRMLS
Mls ID: #FR25188634