361 Northgate Dr APT DGoletaCA93117
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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 Goleta at 361 Northgate Dr APT D, Goleta, CA, 93117 with 5% annual appreciation on a $825,000 basis while $5,566/mo rent supports operations. Total monthly income totals $5,566/mo and a $4,038/mo payment preserves $462/mo for cash returns. Annual cash flow comes to $5,548/yr on $271,425 deployed, and return on cash invested reaches 22.1% in year one. Equity gained on principal adds $5,324/yr, and five-year appreciation sums $227,932 alongside rental yield of 8.1%. Five-year ROI measures 114.58% and total cumulative return in cash totals $311,001.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,566/mo property income versus a $4,038/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1973
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93117, Goleta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,278 (100%) |
| Owner Occupied HU | 6,628 (36.3%) |
| Renter Occupied HU | 10,645 (58.2%) |
| Vacant Housing Units | 1,005 ( 5.5%) |
| Median Home Value | $1,032,223 |
| Average Home Value | $1,161,338 |
Housing Distribution
Address Breakdown
Residential
16,996
Single Family
13,058
Multi-Family
3,938
Businesses
1,369
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Listed by: Summer Knight • Sun Coast Real Estate
Mls Name: SBMLS
Mls ID: #26-245