340 Old Mill Rd Space 242, Santa Barbara, CA, 93110 | $516/mo Cash Flow

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Santa Barbara at 340 Old Mill Rd Space 242, Santa Barbara, CA, 93110 offers a 8.13% rental yield on a $879,000 purchase with $5,953/mo rent. Total monthly income registers $5,953/mo, and a $4,302/mo payment leaves $516/mo available for distribution. Annual cash flow reaches $6,187/yr on $289,191 to close, and return on cash invested stands at 22.2% in year one. Equity gained on principal adds $5,672/yr while 5% annual appreciation supports $242,851 over five years. Portfolio math shows five-year ROI at 115.08% and total cumulative return in cash at $332,814. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,953/mo property income against a $4,302/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2006

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