623 E Cook StSanta MariaCA93454
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Maria at 623 E Cook St, Santa Maria, CA, 93454 listed at $1,500,000 pairs $2,151/mo rent with a $7,342/mo payment. Total monthly income runs $2,151/mo. Return on cash invested measures 2.77% in year one, and rental yield registers 1.72% at a $1,500,000 basis. Equity gained on principal adds $9,679/yr, and annual property appreciation at 5% supports $414,422 by year five. Five-year ROI tracks 10.82% and total cumulative return in cash totals $52,607. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,151/mo property income relative to a $7,342/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1928
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93454, Santa Maria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,050 (100%) |
| Owner Occupied HU | 6,183 (47.4%) |
| Renter Occupied HU | 6,137 (47.0%) |
| Vacant Housing Units | 730 ( 5.6%) |
| Median Home Value | $554,748 |
| Average Home Value | $617,127 |
Housing Distribution
Address Breakdown
Residential
12,539
Single Family
10,951
Multi-Family
1,588
Businesses
1,615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Shipman • SearchLight Properties
Mls Name: North Santa Barbara County MLS
Mls ID: #25001532