840 Cheltenham RdSanta BarbaraCA93105
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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 840 Cheltenham Rd, Santa Barbara, CA, 93105 priced at $1,775,000 converts $7,882/mo rent into after a $8,688/mo obligation. Total monthly income equals $7,882/mo. Return on cash invested prints 13.9% in year one, and rental yield reads 5.33% against a $1,775,000 entry. Equity gained on principal adds $11,454/yr, while 5% annual appreciation compiles into $490,400 by year five. Five-year ROI reaches 70.54% and total cumulative return in cash sums $405,682. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,882/mo property income covering a $8,688/mo payment, not borrower’s personal income.
Single Family
Built in 1980
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93105, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,041 (100%) |
| Owner Occupied HU | 6,109 (50.7%) |
| Renter Occupied HU | 4,906 (40.7%) |
| Vacant Housing Units | 1,026 ( 8.5%) |
| Median Home Value | $1,647,666 |
| Average Home Value | $1,606,828 |
Housing Distribution
Address Breakdown
Residential
11,231
Single Family
8,520
Multi-Family
2,711
Businesses
875
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Listed by: Jennifer Stein • Keller Williams Santa Barbara
Mls Name: North Santa Barbara County MLS
Mls ID: #25001014