315 Larkspur DrSanta MariaCA93455
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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 315 Larkspur Dr, Santa Maria, CA, 93455 priced at $825,000 converts $3,969/mo rent into after a $4,038/mo obligation. Total monthly income equals $3,969/mo. Return on cash invested prints 15.04% in year one, and rental yield reads 5.77% against a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation compiles into $227,932 by year five. Five-year ROI reaches 76.73% and total cumulative return in cash sums $208,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,969/mo property income covering a $4,038/mo payment, not borrower’s personal income.
Single Family
Built in 1977
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93455, Santa Maria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,975 (100%) |
| Owner Occupied HU | 12,004 (70.7%) |
| Renter Occupied HU | 4,212 (24.8%) |
| Vacant Housing Units | 759 ( 4.5%) |
| Median Home Value | $616,358 |
| Average Home Value | $693,383 |
Housing Distribution
Address Breakdown
Residential
16,413
Single Family
15,944
Multi-Family
469
Businesses
1,049
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Listed by: Gina Gluyas • BHGRE Haven Properties
Mls Name: North Santa Barbara County MLS
Mls ID: #25002124