340 Old Mill Rd SPACE 20Santa 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
Investment property for sale in Santa Barbara at 340 Old Mill Rd SPACE 20, Santa Barbara, CA, 93110 earns $929/mo cash flow from $4,331/mo rent with a $2,692/mo payment. Total monthly income totals $4,331/mo, and annual cash flow totals $11,143/yr on $180,950 capital. ROI tracks 26.22% on current figures, and rental yield reads 9.45% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 136.64% and total cumulative return in cash sums $247,258. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,331/mo property income instead of your personal income.
Manufactured
Built in 1977
2,613 sqft 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: Rachel Quittner • Keller Williams Realty Santa Barbara
Mls Name: SBMLS
Mls ID: #25-4280