357 Conejo RdSanta BarbaraCA93103
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 Santa Barbara at 357 Conejo Rd, Santa Barbara, CA, 93103 generates $7,763/mo in rent, after a $8,316/mo payment. Total monthly income is $7,763/mo. Return on cash invested sits at 14.38% in year one, and rental yield is 5.48% on a $1,699,000 entry. Equity gained on principal adds $10,963/yr, while 5% annual appreciation builds toward $469,402 over five years. Five-year ROI reaches 73.09% and total cumulative return in cash sums $402,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,763/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93103, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,001 (100%) |
| Owner Occupied HU | 3,184 (39.8%) |
| Renter Occupied HU | 4,179 (52.2%) |
| Vacant Housing Units | 638 ( 8.0%) |
| Median Home Value | $1,679,710 |
| Average Home Value | $1,613,244 |
Housing Distribution
Address Breakdown
Residential
7,497
Single Family
6,274
Multi-Family
1,223
Businesses
709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Austin Jones • Real Brokerage Technologies, Inc
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-3853
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 2025 Santa Barbara Multiple Listing Service. All rights reserved.