2648 State St APT 32Santa 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 2648 State St APT 32, Santa Barbara, CA, 93105 listed at $1,160,000 pairs $5,459/mo rent with a $5,678/mo payment. Total monthly income runs $5,459/mo. Return on cash invested measures 14.89% in year one, and rental yield registers 5.65% at a $1,160,000 basis. Equity gained on principal adds $7,485/yr, and annual property appreciation at 5% supports $320,487 by year five. Five-year ROI tracks 75.81% and total cumulative return in cash totals $284,909. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,459/mo property income relative to a $5,678/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1968
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: Carolyn Wood-Friedman • Murphy King Real Estate
Mls Name: SBMLS
Mls ID: #26-4