421 N Palm AveSanta PaulaCA93060
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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 Paula at 421 N Palm Ave, Santa Paula, CA, 93060 offers $3,503/mo rent that, after a $2,570/mo payment, leaves $255/mo cash flow. Total monthly income is $3,503/mo, and annual cash flow is $3,058/yr on $172,725 cash. Return on cash invested measures 21.83% in year one, and rental yield stands at 8.01% at a $525,000 entry. Equity gained on principal adds $3,388/yr while 5% annual appreciation compounds into $145,048 by year five. Five-year ROI records 113.12% and total cumulative return in cash reaches $195,381. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,503/mo property income versus a $2,570/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93060, Santa Paula, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,807 (100%) |
| Owner Occupied HU | 5,778 (53.5%) |
| Renter Occupied HU | 4,600 (42.6%) |
| Vacant Housing Units | 429 ( 4.0%) |
| Median Home Value | $681,405 |
| Average Home Value | $763,214 |
Housing Distribution
Address Breakdown
Residential
10,560
Single Family
9,941
Multi-Family
619
Businesses
850
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Listed by: Maria Vine • Vine & Associates
Mls Name: CRMLS
Mls ID: #V1-31823