4025 State St SPACE 61Santa 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
Investment property for sale in Santa Barbara at 4025 State St SPACE 61, Santa Barbara, CA, 93110 offers a 19.18% rental yield on a $575,000 purchase with $9,190/mo rent. Total monthly income registers $9,190/mo, and a $2,814/mo payment leaves $5,633/mo available for distribution. Annual cash flow reaches $67,599/yr on $189,175 to close, and return on cash invested stands at 55.79% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,862 over five years. Portfolio math shows five-year ROI at 295.26% and total cumulative return in cash at $558,551. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,190/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
1,306 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: Sara Guthrie • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-2375
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