738 E McElhany AveSanta MariaCA93454
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who value predictability will appreciate 738 E McElhany Ave, Santa Maria, CA, 93454 in Santa Maria. At $639,000 it earns $4,162/mo in rent and distributes $209/mo to the owner after the $2,873/mo payment, a consistent 7.82% yield. DSCR 1.45 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $176,544 in value; $5,885/yr in principal paydown compounds ownership stake. Total projected return: $255,767.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 5.5% |
| Monthly Cash Flow | $209 | $300 |
City averages based on Santa Maria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,162 |
| Total Monthly Debt Service | $3,699 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
7,405 sqft 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
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
Single Family
Built in 1975
7,405 sqft 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: Matthew D Walker • Walker & Associates
Mls Name: North Santa Barbara County MLS
Mls ID: #26000232