5984 Berkeley RdGoletaCA93117
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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 Goleta at 5984 Berkeley Rd, Goleta, CA, 93117 offers a 4.5% rental yield on a $1,375,000 purchase with $5,158/mo rent. 35% in year one. Equity gained on principal adds $8,873/yr while 5% annual appreciation supports $379,887 over five years. Portfolio math shows five-year ROI at 56.85% and total cumulative return in cash at $253,254. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,158/mo property income against a $6,730/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
9,147 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: Renae Conner • Berkshire Hathaway HomeServices California Properties
Mls Name: SBMLS
Mls ID: #25-4267