305 Mesa LnSanta BarbaraCA93109
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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 305 Mesa Ln, Santa Barbara, CA, 93109 projects strong ROI of 6.69%. Rental yield 2.99%. With 5% annual appreciation, the property builds $932,450 in value over five years. Equity growth combined delivers a projected five-year ROI of 31.87%, translating into $348,505 in total cumulative return on $1,093,500 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1975
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93109, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,162 (100%) |
| Owner Occupied HU | 2,729 (52.9%) |
| Renter Occupied HU | 1,992 (38.6%) |
| Vacant Housing Units | 441 ( 8.5%) |
| Median Home Value | $1,882,616 |
| Average Home Value | $1,791,437 |
Housing Distribution
Address Breakdown
Residential
4,631
Single Family
4,064
Multi-Family
567
Businesses
134
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Listed by: LORENA REGALADO • LPT REALTY, INC
Mls Name: North Santa Barbara County MLS
Mls ID: #25002107