815 Balboa Ave UNIT 310CapitolaCA95010
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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 310, Capitola, CA, 95010 offers a 4.69% rental yield on a $899,950 purchase with $3,517/mo rent. 03% in year one. Equity gained on principal adds $5,807/yr while 5% annual appreciation supports $248,640 over five years. Portfolio math shows five-year ROI at 40.43% and total cumulative return in cash at $119,696. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,517/mo property income against a $4,405/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
$789 monthly 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: Jenny Thompson • Intero Real Estate Services
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML82007029
Disclaimer: Based on information from the MLSListings MLS as of 2025-05-15 18:32:30 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.