3375 Foothill Rd UNIT 931CarpinteriaCA93013
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 Carpinteria at 3375 Foothill Rd UNIT 931, Carpinteria, CA, 93013 with 5% annual appreciation on a $1,950,000 basis while $8,314/mo rent supports operations. 25% in year one. Equity gained on principal adds $12,583/yr, and five-year appreciation sums $538,749 alongside rental yield of 5.12%. Five-year ROI measures 67.03% and total cumulative return in cash totals $423,509. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,314/mo property income versus a $9,544/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cristal Clarke • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #23-2893
Disclaimer: This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.