555 E Arrellaga St APT 6Santa BarbaraCA93103
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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 555 E Arrellaga St APT 6, Santa Barbara, CA, 93103 generates $4,893/mo in rent, after a $7,097/mo payment. Total monthly income is $4,893/mo. Return on cash invested sits at 9.96% in year one, and rental yield is 4.05% on a $1,450,000 entry. Equity gained on principal adds $9,357/yr, while 5% annual appreciation builds toward $400,608 over five years. Five-year ROI reaches 49.38% and total cumulative return in cash sums $231,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,893/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93103, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,001 (100%) |
| Owner Occupied HU | 3,184 (39.8%) |
| Renter Occupied HU | 4,179 (52.2%) |
| Vacant Housing Units | 638 ( 8.0%) |
| Median Home Value | $1,679,710 |
| Average Home Value | $1,613,244 |
Housing Distribution
Address Breakdown
Residential
7,497
Single Family
6,274
Multi-Family
1,223
Businesses
709
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Listed by: Nicole Dever • Sotheby's International Realty
Mls Name: SBMLS
Mls ID: #26-24