521 W Montecito St APT 14Santa 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 521 W Montecito St APT 14, Santa Barbara, CA, 93101 priced at $899,900 converts $7,507/mo rent into $1,940/mo cash flow after a $4,405/mo obligation. Total monthly income equals $7,507/mo, and annual cash flow totals $23,276/yr on $296,067 invested. Return on cash invested prints 27.92% in year one, and rental yield reads 10.01% against a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation compiles into $248,626 by year five. Five-year ROI reaches 145.77% and total cumulative return in cash sums $431,584. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,507/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Condo
Built in 1986
871.20 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: Denise Reimers • Pinnacle Estate Properties Inc
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-2672
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