630 Pico AveSanta 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 630 Pico Ave, Santa Barbara, CA, 93103 offers $4,076/mo rent that, after a $9,784/mo payment. Total monthly income is $4,076/mo. Return on cash invested measures 5.01% in year one, and rental yield stands at 2.45% at a $1,999,000 entry. Equity gained on principal adds $12,899/yr while 5% annual appreciation compounds into $552,287 by year five. Five-year ROI records 22.84% and total cumulative return in cash reaches $147,929. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,076/mo property income versus a $9,784/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1944
6,970 sqft 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: Arturo Esparza • Realty Connection Group
Mls Name: CRMLS
Mls ID: #DW25230973