2641 State St APT 4Santa BarbaraCA93105
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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 Barbara at 2641 State St APT 4, Santa Barbara, CA, 93105 offers a 5.98% rental yield on a $1,275,000 purchase with $6,350/mo rent. 53% in year one. Equity gained on principal adds $8,227/yr while 5% annual appreciation supports $352,259 over five years. Portfolio math shows five-year ROI at 79.37% and total cumulative return in cash at $327,890. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,350/mo property income against a $6,240/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93105, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,041 (100%) |
| Owner Occupied HU | 6,109 (50.7%) |
| Renter Occupied HU | 4,906 (40.7%) |
| Vacant Housing Units | 1,026 ( 8.5%) |
| Median Home Value | $1,647,666 |
| Average Home Value | $1,606,828 |
Housing Distribution
Address Breakdown
Residential
11,231
Single Family
8,520
Multi-Family
2,711
Businesses
875
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Listed by: Kathy Spieler • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #25-624
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