503 Miramonte DrSanta BarbaraCA93109
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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 Barbara at 503 Miramonte Dr, Santa Barbara, CA, 93109 offers a 3.67% rental yield on a $1,995,000 purchase with $6,106/mo rent. 79% in year one. Equity gained on principal adds $12,873/yr while 5% annual appreciation supports $551,182 over five years. Portfolio math shows five-year ROI at 43.14% and total cumulative return in cash at $278,817. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,106/mo property income against a $9,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93109, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,162 (100%) |
| Owner Occupied HU | 2,729 (52.9%) |
| Renter Occupied HU | 1,992 (38.6%) |
| Vacant Housing Units | 441 ( 8.5%) |
| Median Home Value | $1,882,616 |
| Average Home Value | $1,791,437 |
Housing Distribution
Address Breakdown
Residential
4,631
Single Family
4,064
Multi-Family
567
Businesses
134
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Listed by: Lisa McCann • Requisite Luxury Properties
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-3789
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