4505 Carpinteria Ave APT BCarpinteriaCA93013
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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 Carpinteria at 4505 Carpinteria Ave APT B, Carpinteria, CA, 93013 listed at $1,129,000 pairs $8,389/mo rent with a $5,526/mo payment to leave $1,385/mo cash flow. Total monthly income runs $8,389/mo, and annual cash flow reaches $16,619/yr on $365,796 cash to close. Return on cash invested measures 24.91% in year one, and rental yield registers 8.92% at a $1,129,000 basis. Equity gained on principal adds $7,285/yr, and annual property appreciation at 5% supports $311,922 by year five. Five-year ROI tracks 129.6% and total cumulative return in cash totals $474,064. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,389/mo property income relative to a $5,526/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93013, Carpinteria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,152 (100%) |
| Owner Occupied HU | 3,484 (48.7%) |
| Renter Occupied HU | 2,583 (36.1%) |
| Vacant Housing Units | 1,085 (15.2%) |
| Median Home Value | $1,100,254 |
| Average Home Value | $1,206,747 |
Housing Distribution
Address Breakdown
Residential
6,716
Single Family
6,120
Multi-Family
596
Businesses
563
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Listed by: Lei Eberhardt • Re/Max Gold Coast Realty
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-2572
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