260 High St APT 206Santa CruzCA95060
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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 260 High St APT 206, Santa Cruz, CA, 95060 offers a 7.81% rental yield on a $480,000 purchase with $3,126/mo rent. Total monthly income registers $3,126/mo, and a $2,349/mo payment leaves $157/mo available for distribution. Annual cash flow reaches $1,884/yr on $159,120 to close, and return on cash invested stands at 21.09% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,615 over five years. Portfolio math shows five-year ROI at 109.17% and total cumulative return in cash at $173,717. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,126/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1912
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95060, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,846 (100%) |
| Owner Occupied HU | 9,053 (43.4%) |
| Renter Occupied HU | 9,392 (45.1%) |
| Vacant Housing Units | 2,401 (11.5%) |
| Median Home Value | $1,387,725 |
| Average Home Value | $1,409,930 |
Housing Distribution
Address Breakdown
Residential
18,805
Single Family
16,578
Multi-Family
2,227
Businesses
2,179
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Listed by: Amba DesJardins • Coldwell Banker Realty
Mls Name: MLSListings Inc
Mls ID: #ML82020951