333 Old Mill Rd SPACE 93Santa BarbaraCA93110
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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 Barbara at 333 Old Mill Rd SPACE 93, Santa Barbara, CA, 93110 priced at $779,000 pairs $7,776/mo rent with $2,957/mo cash flow after a $3,813/mo payment. Total monthly income equals $7,776/mo, and annual cash flow comes to $35,481/yr on $256,291 invested. Return on cash invested is 33.9% in year one, and rental yield stands at 11.98% on a $779,000 basis. Equity gained on principal adds $5,027/yr, and 5% annual appreciation accumulates to $215,223 by year five. Five-year ROI measures 177.85% and total cumulative return in cash reaches $455,810. For financing, Ziffy Mortgage’s DSCR program evaluates $7,776/mo property income against a $3,813/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93110, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,330 (100%) |
| Owner Occupied HU | 3,506 (55.4%) |
| Renter Occupied HU | 2,392 (37.8%) |
| Vacant Housing Units | 432 ( 6.8%) |
| Median Home Value | $1,231,911 |
| Average Home Value | $1,323,908 |
Housing Distribution
Address Breakdown
Residential
6,581
Single Family
5,857
Multi-Family
724
Businesses
212
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Listed by: Jeff M Oien • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-2879
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