308 River St UNIT B23Santa 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
Rental property for sale in Santa Cruz at 308 River St UNIT B23, Santa Cruz, CA, 95060 generates $3,399/mo in rent, after a $3,181/mo payment. Total monthly income is $3,399/mo. Return on cash invested sits at 11.48% in year one, and rental yield is 6.28% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 59.47% and total cumulative return in cash sums $127,178. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,399/mo property income rather than buyer’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$742 monthly 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: Diana Mercer • Compass
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82001693
Disclaimer: Based on information from the MLSListings MLS as of 2025-04-09 18:16:21 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.