311 24th AveSanta CruzCA95062
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
Investment Highlights
Rental property for sale in Santa Cruz at 311 24th Ave, Santa Cruz, CA, 95062 generates $4,820/mo in rent, after a $9,177/mo payment. Total monthly income is $4,820/mo. Return on cash invested sits at 6.98% in year one, and rental yield is 3.08% on a $1,875,000 entry. Equity gained on principal adds $12,099/yr, while 5% annual appreciation builds toward $518,028 over five years. Five-year ROI reaches 33.41% and total cumulative return in cash sums $202,958. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,820/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95062, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,788 (100%) |
| Owner Occupied HU | 7,551 (45.0%) |
| Renter Occupied HU | 7,200 (42.9%) |
| Vacant Housing Units | 2,037 (12.1%) |
| Median Home Value | $1,096,316 |
| Average Home Value | $1,166,941 |
Housing Distribution
Address Breakdown
Residential
16,074
Single Family
14,626
Multi-Family
1,448
Businesses
1,258
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Rivoir • Trade-In Real Estate
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82024022
Disclaimer: Based on information from the MLSListings MLS as of 2025-12-17 02:51:24 PST. 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.