441 E Park Ave Unit 2Santa 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
Investment property for sale in Santa Maria at 441 E Park Ave Unit 2, Santa Maria, CA, 93454 offers a 9.21% rental yield on a $389,000 purchase with $2,987/mo rent. Total monthly income registers $2,987/mo, and a $1,904/mo payment leaves $581/mo available for distribution. Annual cash flow reaches $6,966/yr on $128,954 to close, and return on cash invested stands at 25.31% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 131.83% and total cumulative return in cash at $169,998. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,987/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
871.20 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: Judy Christie-DeSilva • Dream Home Real Estate
Mls Name: North Santa Barbara County MLS
Mls ID: #26000139