308 W Mill StSanta MariaCA93458
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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 W Mill St, Santa Maria, CA, 93458 generates $3,341/mo in rent, after a $3,059/mo payment. Total monthly income is $3,341/mo. Return on cash invested sits at 16.99% in year one, and rental yield is 6.41% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 87.18% and total cumulative return in cash sums $179,257. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,341/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93458, Santa Maria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,643 (100%) |
| Owner Occupied HU | 6,383 (43.6%) |
| Renter Occupied HU | 7,772 (53.1%) |
| Vacant Housing Units | 488 ( 3.3%) |
| Median Home Value | $481,992 |
| Average Home Value | $589,907 |
Housing Distribution
Address Breakdown
Residential
13,861
Single Family
11,593
Multi-Family
2,268
Businesses
705
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Listed by: Wendy Teixeira, GRI, CRS • BHGRE Haven Properties
Mls Name: North Santa Barbara County MLS
Mls ID: #26000071