405 Ellwood Beach Dr APT BGoletaCA93117
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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 405 Ellwood Beach Dr APT B, Goleta, CA, 93117 at $775,000 posts ROI 18.53% with from $4,469/mo rent. Total monthly income equals $4,469/mo. Return on cash invested measures 18.53% and rental yield reads 6.92% at the current $775,000. Equity gained on principal adds $5,001/yr, and 5% annual appreciation supports $214,118 by year five. Five-year ROI prints 95.4% and total cumulative return in cash totals $243,247. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,469/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1968
871.20 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: Marie Sue Parsons & Stephanie Young • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls ID: #26-253