3950 Via Real SPACE 211CarpinteriaCA93013
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3950 Via Real SPACE 211, Carpinteria, CA, 93013 in Carpinteria speaks for itself: 18.49% gross on a $499,000 price, generating $7,691/mo in rent and $4,604/mo in net income after the $2,244/mo debt service. DSCR 3.43, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $55,247 stacks alongside $137,865 in projected five-year appreciation and $4,596/yr in principal reduction. Projected total cumulative return: $485,495.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.5% | 6.0% |
| Monthly Cash Flow | $4,604 | $200 |
City averages based on Carpinteria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,691 |
| Total Monthly Debt Service | $2,888 |
| DSCR Ratio | 2.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93013, Carpinteria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,152 (100%) |
| Owner Occupied HU | 3,484 (48.7%) |
| Renter Occupied HU | 2,583 (36.1%) |
| Vacant Housing Units | 1,085 (15.2%) |
| Median Home Value | $1,100,254 |
| Average Home Value | $1,206,747 |
Housing Distribution
Address Breakdown
Residential
6,716
Single Family
6,120
Multi-Family
596
Businesses
563
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
Manufactured
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93013, Carpinteria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,152 (100%) |
| Owner Occupied HU | 3,484 (48.7%) |
| Renter Occupied HU | 2,583 (36.1%) |
| Vacant Housing Units | 1,085 (15.2%) |
| Median Home Value | $1,100,254 |
| Average Home Value | $1,206,747 |
Housing Distribution
Address Breakdown
Residential
6,716
Single Family
6,120
Multi-Family
596
Businesses
563
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices