421 Coronel StSanta BarbaraCA93101
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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 Barbara at 421 Coronel St, Santa Barbara, CA, 93101 offers $9,013/mo rent that, after a $8,810/mo payment. Total monthly income is $9,013/mo. Return on cash invested measures 16% in year one, and rental yield stands at 6.01% at a $1,800,000 entry. Equity gained on principal adds $11,615/yr while 5% annual appreciation compounds into $497,307 by year five. Five-year ROI records 81.79% and total cumulative return in cash reaches $477,011. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $9,013/mo property income versus a $8,810/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1932
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93101, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,495 (100%) |
| Owner Occupied HU | 2,994 (22.2%) |
| Renter Occupied HU | 9,578 (71.0%) |
| Vacant Housing Units | 923 ( 6.8%) |
| Median Home Value | $1,281,588 |
| Average Home Value | $1,361,541 |
Housing Distribution
Address Breakdown
Residential
12,853
Single Family
8,173
Multi-Family
4,680
Businesses
2,998
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Listed by: Luis Martinez • Sotheby's International Realty
Mls Name: North Santa Barbara County MLS
Mls ID: #25001946