804 Covey LnSanta MariaCA93455
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
Investment property for sale in Santa Maria at 804 Covey Ln, Santa Maria, CA, 93455 at $535,000 posts ROI 22.9% with $417/mo cash flow from $3,727/mo rent. Total monthly income equals $3,727/mo, and annual cash flow records $5,003/yr on $176,015 to close. Return on cash invested measures 22.9% and rental yield reads 8.36% at the current $535,000. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,811 by year five. Five-year ROI prints 118.85% and total cumulative return in cash totals $209,188.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,727/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1985
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93455, Santa Maria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,975 (100%) |
| Owner Occupied HU | 12,004 (70.7%) |
| Renter Occupied HU | 4,212 (24.8%) |
| Vacant Housing Units | 759 ( 4.5%) |
| Median Home Value | $616,358 |
| Average Home Value | $693,383 |
Housing Distribution
Address Breakdown
Residential
16,413
Single Family
15,944
Multi-Family
469
Businesses
1,049
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Listed by: Anne E. Lathouwers • Keller Williams Realty Central Coast
Mls Name: North Santa Barbara County MLS
Mls ID: #25002234