418 BroadwaySanta CruzCA95060
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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 Cruz at 418 Broadway, Santa Cruz, CA, 95060 offers $6,276/mo rent that, after a $3,402/mo payment, leaves $1,976/mo cash flow. Total monthly income is $6,276/mo, and annual cash flow is $23,715/yr on $228,655 cash. Return on cash invested measures 30.43% in year one, and rental yield stands at 10.84% at a $695,000 entry. Equity gained on principal adds $4,485/yr while 5% annual appreciation compounds into $192,016 by year five. Five-year ROI records 159.25% and total cumulative return in cash reaches $364,122. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,276/mo property income versus a $3,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
2,526 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95060, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,846 (100%) |
| Owner Occupied HU | 9,053 (43.4%) |
| Renter Occupied HU | 9,392 (45.1%) |
| Vacant Housing Units | 2,401 (11.5%) |
| Median Home Value | $1,387,725 |
| Average Home Value | $1,409,930 |
Housing Distribution
Address Breakdown
Residential
18,805
Single Family
16,578
Multi-Family
2,227
Businesses
2,179
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Listed by: Erin Heath • Russell E. Gross Real Estate
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81966989
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-15 23:32:43 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.