3375 Foothill Rd UNIT 231CarpinteriaCA93013
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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 Carpinteria at 3375 Foothill Rd UNIT 231, Carpinteria, CA, 93013 generates $5,399/mo in rent, after a $5,849/mo payment. Total monthly income is $5,399/mo. Return on cash invested sits at 13.04% in year one, and rental yield is 5.42% on a $1,195,000 entry. Equity gained on principal adds $7,711/yr, while 5% annual appreciation builds toward $330,156 over five years. Five-year ROI reaches 66.33% and total cumulative return in cash sums $256,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,399/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93013, Carpinteria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,152 (100%) |
| Owner Occupied HU | 3,484 (48.7%) |
| Renter Occupied HU | 2,583 (36.1%) |
| Vacant Housing Units | 1,085 (15.2%) |
| Median Home Value | $1,100,254 |
| Average Home Value | $1,206,747 |
Housing Distribution
Address Breakdown
Residential
6,716
Single Family
6,120
Multi-Family
596
Businesses
563
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Listed by: Bartron Real Estate Group • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #25-622
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