2355 Brommer St SPACE 29Santa 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 2355 Brommer St SPACE 29, Santa Cruz, CA, 95062 with 5% annual appreciation on a $279,486 basis while $6,190/mo rent supports operations. Total monthly income totals $6,190/mo and a $1,368/mo payment preserves $4,261/mo for cash returns. Annual cash flow comes to $51,132/yr on $92,650 deployed, and return on cash invested reaches 75.1% in year one. Equity gained on principal adds $1,803/yr, and five-year appreciation sums $77,217 alongside rental yield of 26.58%. Five-year ROI measures 399.72% and total cumulative return in cash totals $370,335.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,190/mo property income versus a $1,368/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2008
N/A lot
$N/A/sqft
$200 monthly 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: Melody Russell • eXp Realty of California Inc
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81971548
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 23:32:43 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.