340 Old Mill Rd SPC 8Santa 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
Rental property for sale in Santa Barbara at 340 Old Mill Rd SPC 8, Santa Barbara, CA, 93110 generates $7,932/mo in rent and, after a $3,617/mo payment, leaves $3,360/mo in cash flow. Total monthly income is $7,932/mo, and annual cash flow is $40,325/yr on $243,131 invested. Return on cash invested sits at 36.65% in year one, and rental yield is 12.88% on a $739,000 entry. Equity gained on principal adds $4,769/yr, while 5% annual appreciation builds toward $204,172 over five years. Five-year ROI reaches 192.56% and total cumulative return in cash sums $468,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,932/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
2,674 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: Amy Abbott & Kristin Joy Hall • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-2841
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