311 Lolita Ln APT LSanta 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
Investment property for sale in Santa Maria at 311 Lolita Ln APT L, Santa Maria, CA, 93458 with 5% annual appreciation on a $399,000 basis while $2,906/mo rent supports operations. Total monthly income totals $2,906/mo and a $1,953/mo payment preserves $438/mo for cash returns. Annual cash flow comes to $5,251/yr on $132,269 deployed, and return on cash invested reaches 23.88% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 8.74%. Five-year ROI measures 124.14% and total cumulative return in cash totals $164,198.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,906/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1984
0.25 Acres 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: Corey M Hegney Jr • Keller Williams Realty Central Coast
Mls Name: North Santa Barbara County MLS
Mls ID: #25002044