659 Del Parque Dr UNIT ESanta 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
Investment property for sale in Santa Barbara at 659 Del Parque Dr UNIT E, Santa Barbara, CA, 93103 earns from $6,814/mo rent with a $9,295/mo payment. Total monthly income totals $6,814/mo. ROI tracks 10.75% on current figures, and rental yield reads 4.31% at a $1,899,000 purchase. Equity gained on principal adds $12,254/yr, and 5% annual appreciation supports $524,659 over five years. Five-year ROI reaches 53.61% and total cumulative return in cash sums $329,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,814/mo property income instead of your personal income.
Condo
Built in 1973
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: Billy Mandarino • Compass
Mls Name: SBMLS
Mls ID: #25-3994