323 Broadway UNIT A2Santa CruzCA95060
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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 Cruz at 323 Broadway UNIT A2, Santa Cruz, CA, 95060 uses $233,590 cash to close to unlock $4,043/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $4,729/mo, and a $3,475/mo payment keeps the spread at $337/mo. Purchase price stands at $710,000, and rental yield measures 7.99% with $4,729/mo rent. Return on cash invested shows 21.79% in year one, and 5% annual appreciation builds toward $196,160 over five years. Five-year ROI reaches 112.89% and total cumulative return in cash records $263,711. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,729/mo property income covering a $3,475/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95060, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,846 (100%) |
| Owner Occupied HU | 9,053 (43.4%) |
| Renter Occupied HU | 9,392 (45.1%) |
| Vacant Housing Units | 2,401 (11.5%) |
| Median Home Value | $1,387,725 |
| Average Home Value | $1,409,930 |
Housing Distribution
Address Breakdown
Residential
18,805
Single Family
16,578
Multi-Family
2,227
Businesses
2,179
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Listed by: Schatzi Adams • David Lyng Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML81997669