251 Cloydon CirSanta BarbaraCA93108
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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
Rental property for sale in Santa Barbara at 251 Cloydon Cir, Santa Barbara, CA, 93108 priced at $582,500 pairs $9,989/mo rent with $4,736/mo cash flow after a $2,851/mo payment. Total monthly income equals $9,989/mo, and annual cash flow comes to $56,828/yr on $191,643 invested. Return on cash invested is 49.71% in year one, and rental yield stands at 20.58% on a $582,500 basis. Equity gained on principal adds $3,759/yr, and 5% annual appreciation accumulates to $160,934 by year five. Five-year ROI measures 266.38% and total cumulative return in cash reaches $510,493. For financing, Ziffy Mortgage’s DSCR program evaluates $9,989/mo property income against a $2,851/mo payment instead of your W2s, 1099s, or Tax returns.
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
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Listed by: Bryan R Uhrig • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #23-1614
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