246 3rd StSolvangCA93463
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
Investment property for sale in Solvang at 246 3rd St, Solvang, CA, 93463 listed at $1,190,000 pairs $5,491/mo rent with a $5,824/mo payment. Total monthly income runs $5,491/mo. Return on cash invested measures 14.55% in year one, and rental yield registers 5.54% at a $1,190,000 basis. Equity gained on principal adds $7,679/yr, and annual property appreciation at 5% supports $328,775 by year five. Five-year ROI tracks 73.99% and total cumulative return in cash totals $285,292. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,491/mo property income relative to a $5,824/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93463, Solvang, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,899 (100%) |
| Owner Occupied HU | 2,236 (57.3%) |
| Renter Occupied HU | 1,329 (34.1%) |
| Vacant Housing Units | 334 ( 8.6%) |
| Median Home Value | $1,375,604 |
| Average Home Value | $1,390,312 |
Housing Distribution
Address Breakdown
Residential
3,461
Single Family
3,292
Multi-Family
169
Businesses
466
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cammy Pinoli • Berkshire Hathaway HomeServ-Los Olivos
Mls Name: North Santa Barbara County MLS
Mls ID: #25001010