308 River St UNIT B8Santa 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 B8, Santa Cruz, CA, 95060 generates $3,075/mo in rent and, after a $2,001/mo payment, leaves $546/mo in cash flow. Total monthly income is $3,075/mo, and annual cash flow is $6,552/yr on $135,517 invested. Return on cash invested sits at 24.74% in year one, and rental yield is 9.03% on a $408,800 entry. Equity gained on principal adds $2,638/yr, while 5% annual appreciation builds toward $112,944 over five years. Five-year ROI reaches 128.76% and total cumulative return in cash sums $174,487. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,075/mo property income rather than buyer’s personal income.
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
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Listed by: Katie Mekis • David Lyng Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82027920