815 Balboa Ave UNIT 103CapitolaCA95010
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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 Capitola at 815 Balboa Ave UNIT 103, Capitola, CA, 95010 uses $254,975 cash to close to unlock $959/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $4,874/mo, and a $3,793/mo payment keeps the spread at $80/mo. Purchase price stands at $775,000, and rental yield measures 7.55% with $4,874/mo rent. Return on cash invested shows 20.44% in year one, and 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 105.63% and total cumulative return in cash records $269,323. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,874/mo property income covering a $3,793/mo payment rather than investor’s personal income.
Condo
Built in 1975
697 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95010, Capitola, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,058 (100%) |
| Owner Occupied HU | 2,025 (40.0%) |
| Renter Occupied HU | 2,156 (42.6%) |
| Vacant Housing Units | 877 (17.3%) |
| Median Home Value | $1,151,387 |
| Average Home Value | $1,168,485 |
Housing Distribution
Address Breakdown
Residential
4,806
Single Family
3,892
Multi-Family
914
Businesses
934
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Listed by: Jennifer Cosgrove • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls ID: #ML82020652