890 38th Ave SPACE 48Santa CruzCA95062
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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 Santa Cruz at 890 38th Ave SPACE 48, Santa Cruz, CA, 95062 offers a 11.97% rental yield on a $349,000 purchase with $3,481/mo rent. Total monthly income registers $3,481/mo, and a $1,708/mo payment leaves $1,322/mo available for distribution. Annual cash flow reaches $15,866/yr on $115,694 to close, and return on cash invested stands at 33.62% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 176.41% and total cumulative return in cash at $204,096. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,481/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95062, Santa Cruz, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,788 (100%) |
| Owner Occupied HU | 7,551 (45.0%) |
| Renter Occupied HU | 7,200 (42.9%) |
| Vacant Housing Units | 2,037 (12.1%) |
| Median Home Value | $1,096,316 |
| Average Home Value | $1,166,941 |
Housing Distribution
Address Breakdown
Residential
16,074
Single Family
14,626
Multi-Family
1,448
Businesses
1,258
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Listed by: Genie Lawless • David Lyng Real Estate
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81983801
Disclaimer: Based on information from the MLSListings MLS as of 2025-02-11 23:32:45 PST. 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.