308 Alcazar DrSanta MariaCA93455
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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 Maria at 308 Alcazar Dr, Santa Maria, CA, 93455 offers $3,900/mo rent that, after a $2,975/mo payment, leaves $140/mo cash flow. Total monthly income is $3,900/mo, and annual cash flow is $1,677/yr on $199,999 cash. Return on cash invested measures 20.9% in year one, and rental yield stands at 7.7% at a $607,900 entry. Equity gained on principal adds $3,923/yr while 5% annual appreciation compounds into $167,952 by year five. Five-year ROI records 108.11% and total cumulative return in cash reaches $216,212. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,900/mo property income versus a $2,975/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93455, Santa Maria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,975 (100%) |
| Owner Occupied HU | 12,004 (70.7%) |
| Renter Occupied HU | 4,212 (24.8%) |
| Vacant Housing Units | 759 ( 4.5%) |
| Median Home Value | $616,358 |
| Average Home Value | $693,383 |
Housing Distribution
Address Breakdown
Residential
16,413
Single Family
15,944
Multi-Family
469
Businesses
1,049
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Listed by: Genaro Duran • NextHome D&G Realty Group
Mls Name: MetroList Services of CA
Mls ID: #225127313