318 Soquel Ave UNIT D3Santa CruzCA95062
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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 Cruz at 318 Soquel Ave UNIT D3, Santa Cruz, CA, 95062 generates $4,098/mo in rent, after a $3,549/mo payment. Total monthly income is $4,098/mo. Return on cash invested sits at 18.11% in year one, and rental yield is 6.78% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 93.17% and total cumulative return in cash sums $222,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,098/mo property income rather than buyer’s personal income.
Condo
Built in 1980
1,045 sqft 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
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Listed by: Strock Team • eXp Realty of California Inc
Mls Name: MLSListings Inc
Mls ID: #ML82028594