408 E Hermosa StSanta MariaCA93454
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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 Maria at 408 E Hermosa St, Santa Maria, CA, 93454 priced at $700,000 pairs $3,325/mo rent with after a $3,426/mo payment. Total monthly income equals $3,325/mo. Return on cash invested is 14.82% in year one, and rental yield stands at 5.7% on a $700,000 basis. Equity gained on principal adds $4,517/yr, and 5% annual appreciation accumulates to $193,397 by year five. Five-year ROI measures 75.52% and total cumulative return in cash reaches $173,932. For financing, Ziffy Mortgage’s DSCR program evaluates $3,325/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1924
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93454, Santa Maria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,050 (100%) |
| Owner Occupied HU | 6,183 (47.4%) |
| Renter Occupied HU | 6,137 (47.0%) |
| Vacant Housing Units | 730 ( 5.6%) |
| Median Home Value | $554,748 |
| Average Home Value | $617,127 |
Housing Distribution
Address Breakdown
Residential
12,539
Single Family
10,951
Multi-Family
1,588
Businesses
1,615
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Listed by: N/A • N/A
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