5510 Armitos Ave APT 11GoletaCA93117
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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
Total monthly income runs $3,259/mo, and a $2,692/mo payment. Purchase price stands at $550,000, and rental yield measures 7.11% with $3,259/mo rent. Return on cash invested shows 18.94% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 97.66% and total cumulative return in cash records $176,710. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,259/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Condo
Built in 1972
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93117, Goleta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,278 (100%) |
| Owner Occupied HU | 6,628 (36.3%) |
| Renter Occupied HU | 10,645 (58.2%) |
| Vacant Housing Units | 1,005 ( 5.5%) |
| Median Home Value | $1,032,223 |
| Average Home Value | $1,161,338 |
Housing Distribution
Address Breakdown
Residential
16,996
Single Family
13,058
Multi-Family
3,938
Businesses
1,369
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Listed by: Paul Bodnar • Keller Williams Realty Montecito
Mls Name: SBMLS
Mls Provider:
Mls ID: #24-3989
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