954 Concha Loma DrCarpinteriaCA93013
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
Rental property for sale in Carpinteria at 954 Concha Loma Dr, Carpinteria, CA, 93013 offers $6,382/mo rent that, after a $8,786/mo payment. Total monthly income is $6,382/mo. Return on cash invested measures 10.63% in year one, and rental yield stands at 4.27% at a $1,795,000 entry. Equity gained on principal adds $11,583/yr while 5% annual appreciation compounds into $495,925 by year five. Five-year ROI records 52.96% and total cumulative return in cash reaches $307,993. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,382/mo property income versus a $8,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
8,270 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93013, Carpinteria, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,152 (100%) |
| Owner Occupied HU | 3,484 (48.7%) |
| Renter Occupied HU | 2,583 (36.1%) |
| Vacant Housing Units | 1,085 (15.2%) |
| Median Home Value | $1,100,254 |
| Average Home Value | $1,206,747 |
Housing Distribution
Address Breakdown
Residential
6,716
Single Family
6,120
Multi-Family
596
Businesses
563
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Nearby investment properties with comparable prices
Listed by: Christopher A Page • Santa Barbara Estates
Mls Name: SBMLS
Mls Provider:
Mls ID: #25-588
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