3736 State St #217Santa BarbaraCA93105
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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 3736 State St #217, Santa Barbara, CA, 93105 offers $10,050/mo rent that, after a $8,565/mo payment. Total monthly income is $10,050/mo. Return on cash invested measures 18.48% in year one, and rental yield stands at 6.89% at a $1,750,000 entry. Equity gained on principal adds $11,292/yr while 5% annual appreciation compounds into $483,493 by year five. Five-year ROI records 95.16% and total cumulative return in cash reaches $539,577. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $10,050/mo property income versus a $8,565/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93105, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,041 (100%) |
| Owner Occupied HU | 6,109 (50.7%) |
| Renter Occupied HU | 4,906 (40.7%) |
| Vacant Housing Units | 1,026 ( 8.5%) |
| Median Home Value | $1,647,666 |
| Average Home Value | $1,606,828 |
Housing Distribution
Address Breakdown
Residential
11,231
Single Family
8,520
Multi-Family
2,711
Businesses
875
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Listed by: Yolanda Van Wingerden • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-2004
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