244 Por La Mar CirSanta BarbaraCA93103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Barbara at 244 Por La Mar Cir, Santa Barbara, CA, 93103 priced at $1,465,000 pairs $6,248/mo rent with after a $7,170/mo payment. Total monthly income equals $6,248/mo. Return on cash invested is 13.25% in year one, and rental yield stands at 5.12% on a $1,465,000 basis. Equity gained on principal adds $9,453/yr, and 5% annual appreciation accumulates to $404,752 by year five. Five-year ROI measures 67.06% and total cumulative return in cash reaches $318,291. For financing, Ziffy Mortgage’s DSCR program evaluates $6,248/mo property income against a $7,170/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1991
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93103, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,001 (100%) |
| Owner Occupied HU | 3,184 (39.8%) |
| Renter Occupied HU | 4,179 (52.2%) |
| Vacant Housing Units | 638 ( 8.0%) |
| Median Home Value | $1,679,710 |
| Average Home Value | $1,613,244 |
Housing Distribution
Address Breakdown
Residential
7,497
Single Family
6,274
Multi-Family
1,223
Businesses
709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary Goldberg • Coastal Properties
Mls Name: SBMLS
Mls ID: #25-4212