740 Walnut LnSanta BarbaraCA93111
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 740 Walnut Ln, Santa Barbara, CA, 93111 in Santa Barbara is capital appreciation. Rental yield 4.17%. The 4.17% gross yield at $1,599,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $441,774 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.77) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $327,298.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 5.0% |
| Monthly Cash Flow | $(4,336) | $1,500 |
City averages based on Santa Barbara market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,556 |
| Total Monthly Debt Service | $9,255 |
| DSCR Ratio | 0.60x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1959
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93111, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,567 (100%) |
| Owner Occupied HU | 4,404 (67.1%) |
| Renter Occupied HU | 1,886 (28.7%) |
| Vacant Housing Units | 277 ( 4.2%) |
| Median Home Value | $1,264,497 |
| Average Home Value | $1,323,787 |
Housing Distribution
Address Breakdown
Residential
6,780
Single Family
5,977
Multi-Family
803
Businesses
493
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 1959
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93111, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,567 (100%) |
| Owner Occupied HU | 4,404 (67.1%) |
| Renter Occupied HU | 1,886 (28.7%) |
| Vacant Housing Units | 277 ( 4.2%) |
| Median Home Value | $1,264,497 |
| Average Home Value | $1,323,787 |
Housing Distribution
Address Breakdown
Residential
6,780
Single Family
5,977
Multi-Family
803
Businesses
493
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AMANDA ESPARZA • EXP REALTY OF CALIFORNIA INC
Mls Name: North Santa Barbara County MLS
Mls ID: #25001228