333 Old Mill Rd SPC 32Santa BarbaraCA93110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Barbara at 333 Old Mill Rd SPC 32, Santa Barbara, CA, 93110 uses $142,214 cash to close to unlock $9,550/yr annual cash flow and $796/mo monthly cash flow. Total monthly income runs $3,450/mo, and a $2,100/mo payment keeps the spread at $796/mo. Purchase price stands at $429,000, and rental yield measures 9.65% with $3,450/mo rent. Return on cash invested shows 26.62% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 138.85% and total cumulative return in cash records $197,461. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,450/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Manufactured
Built in 1963
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff M Oien • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls ID: #26-15