740 Walnut LnSanta BarbaraCA93111
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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 740 Walnut Ln, Santa Barbara, CA, 93111 offers $5,556/mo rent that, after a $7,826/mo payment. Total monthly income is $5,556/mo. Return on cash invested measures 10.33% in year one, and rental yield stands at 4.17% at a $1,599,000 entry. Equity gained on principal adds $10,318/yr while 5% annual appreciation compounds into $441,774 by year five. Five-year ROI records 51.36% and total cumulative return in cash reaches $266,089. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,556/mo property income versus a $7,826/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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Listed by: AMANDA ESPARZA • EXP REALTY OF CALIFORNIA INC
Mls Name: North Santa Barbara County MLS
Mls ID: #25001228