251 Cloydon CirSanta BarbaraCA93108
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Santa Barbara rentals match the income profile of 251 Cloydon Cir, Santa Barbara, CA, 93108. Listed at $582,500, gross rent is $9,989/mo and net cash flow is $4,735/mo, a 20.58% yield well above national averages. DSCR 3.81 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $160,934 by year five with $5,365/yr in annual principal reduction, projecting $532,810 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.6% | 5.0% |
| Monthly Cash Flow | $4,735 | $1,500 |
City averages based on Santa Barbara market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,989 |
| Total Monthly Debt Service | $5,022 |
| DSCR Ratio | 1.99x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1938
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93108, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,442 (100%) |
| Owner Occupied HU | 2,885 (53.0%) |
| Renter Occupied HU | 1,313 (24.1%) |
| Vacant Housing Units | 1,244 (22.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,968,243 |
Housing Distribution
Address Breakdown
Residential
4,877
Single Family
4,566
Multi-Family
311
Businesses
332
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
Single Family
Built in 1938
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93108, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,442 (100%) |
| Owner Occupied HU | 2,885 (53.0%) |
| Renter Occupied HU | 1,313 (24.1%) |
| Vacant Housing Units | 1,244 (22.9%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,968,243 |
Housing Distribution
Address Breakdown
Residential
4,877
Single Family
4,566
Multi-Family
311
Businesses
332
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bryan R Uhrig • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #23-1614
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