671 Rincon DrSolvangCA93463
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
Rental property for sale in Solvang at 671 Rincon Dr, Solvang, CA, 93463 generates $9,539/mo in rent, after a $9,789/mo payment. Total monthly income is $9,539/mo. Return on cash invested sits at 15.12% in year one, and rental yield is 5.72% on a $1,999,999 entry. Equity gained on principal adds $12,906/yr, while 5% annual appreciation builds toward $552,563 over five years. Five-year ROI reaches 77.07% and total cumulative return in cash sums $499,423. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,539/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93463, Solvang, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,899 (100%) |
| Owner Occupied HU | 2,236 (57.3%) |
| Renter Occupied HU | 1,329 (34.1%) |
| Vacant Housing Units | 334 ( 8.6%) |
| Median Home Value | $1,375,604 |
| Average Home Value | $1,390,312 |
Housing Distribution
Address Breakdown
Residential
3,461
Single Family
3,292
Multi-Family
169
Businesses
466
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carole Colone • Berkshire Hathaway HomeServ-Los Olivos
Mls Name: North Santa Barbara County MLS
Mls ID: #25001368