232 Coronado DrGoletaCA93117
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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 Goleta at 232 Coronado Dr, Goleta, CA, 93117 uses $440,316 cash to close to unlock $19,147/yr annual cash flow and $1,596/mo monthly cash flow. Total monthly income runs $10,003/mo, and a $6,652/mo payment keeps the spread at $1,596/mo. Purchase price stands at $1,359,000, and rental yield measures 8.83% with $10,003/mo rent. Return on cash invested shows 24.72% in year one, and 5% annual appreciation builds toward $375,467 over five years. Five-year ROI reaches 128.53% and total cumulative return in cash records $565,943. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $10,003/mo property income covering a $6,652/mo payment rather than investor’s personal income.
Single Family
Built in 1965
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93117, Goleta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,278 (100%) |
| Owner Occupied HU | 6,628 (36.3%) |
| Renter Occupied HU | 10,645 (58.2%) |
| Vacant Housing Units | 1,005 ( 5.5%) |
| Median Home Value | $1,032,223 |
| Average Home Value | $1,161,338 |
Housing Distribution
Address Breakdown
Residential
16,996
Single Family
13,058
Multi-Family
3,938
Businesses
1,369
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Listed by: Jason Cox • Keller Williams Realty Santa Barbara
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-2489
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