308 River St UNIT B8Santa CruzCA95060
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 308 River St UNIT B8, Santa Cruz, CA, 95060 in Santa Cruz delivers $3,075/mo in gross rent and $537/mo in net monthly income at a $408,800 entry. The 8.99% yield and 1.67 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $112,944 over five years and $3,765/yr in equity from loan paydown, total projected return is $190,159.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 5.0% |
| Monthly Cash Flow | $537 | $300 |
City averages based on Santa Cruz market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,075 |
| Total Monthly Debt Service | $2,366 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1993
697 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1993
697 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katie Mekis • David Lyng Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82027920