7465 Hollister Ave SPACE 423GoletaCA93117
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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 Goleta at 7465 Hollister Ave SPACE 423, Goleta, CA, 93117 uses $82,875 cash to close to unlock $1,693/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $1,688/mo, and a $1,224/mo payment keeps the spread at $141/mo. Purchase price stands at $250,000, and rental yield measures 8.1% with $1,688/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 113.85% and total cumulative return in cash records $94,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,688/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Manufactured
Built in 1980
722 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93117, Goleta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,278 (100%) |
| Owner Occupied HU | 6,628 (36.3%) |
| Renter Occupied HU | 10,645 (58.2%) |
| Vacant Housing Units | 1,005 ( 5.5%) |
| Median Home Value | $1,032,223 |
| Average Home Value | $1,161,338 |
Housing Distribution
Address Breakdown
Residential
16,996
Single Family
13,058
Multi-Family
3,938
Businesses
1,369
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Listed by: Anthony Bordin • BHHS California Properties
Mls Name: CRMLS
Mls ID: #V1-33758