311 Pacific Oaks RdGoletaCA93117
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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 Goleta at 311 Pacific Oaks Rd, Goleta, CA, 93117 offers $6,247/mo rent that, after a $4,155/mo payment, leaves $857/mo cash flow. Total monthly income is $6,247/mo, and annual cash flow is $10,281/yr on $279,321 cash. Return on cash invested measures 23.74% in year one, and rental yield stands at 8.83% at a $849,000 entry. Equity gained on principal adds $5,478/yr while 5% annual appreciation compounds into $234,563 by year five. Five-year ROI records 123.57% and total cumulative return in cash reaches $345,152. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,247/mo property income versus a $4,155/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93117, Goleta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,278 (100%) |
| Owner Occupied HU | 6,628 (36.3%) |
| Renter Occupied HU | 10,645 (58.2%) |
| Vacant Housing Units | 1,005 ( 5.5%) |
| Median Home Value | $1,032,223 |
| Average Home Value | $1,161,338 |
Housing Distribution
Address Breakdown
Residential
16,996
Single Family
13,058
Multi-Family
3,938
Businesses
1,369
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Listed by: Robert Lamborn • Village Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-2801
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