3375 Foothill Rd UNIT 232CarpinteriaCA93013
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
Rental property for sale in Carpinteria at 3375 Foothill Rd UNIT 232, Carpinteria, CA, 93013 priced at $749,000 converts $4,079/mo rent into after a $3,666/mo obligation. Total monthly income equals $4,079/mo. Return on cash invested prints 17.36% in year one, and rental yield reads 6.54% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 89.14% and total cumulative return in cash sums $219,664. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,079/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Condo
Built in 1975
435.60 sqft 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: Sean McIver • Compass
Mls Name: SBMLS
Mls ID: #25-4298