969 Miramonte Dr APT 5Santa BarbaraCA93109
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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 Barbara at 969 Miramonte Dr APT 5, Santa Barbara, CA, 93109 offers a 6.04% rental yield on a $955,000 purchase with $4,805/mo rent. 85% in year one. Equity gained on principal adds $6,162/yr while 5% annual appreciation supports $263,849 over five years. Portfolio math shows five-year ROI at 81.03% and total cumulative return in cash at $254,603. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,805/mo property income against a $4,674/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93109, Santa Barbara, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,162 (100%) |
| Owner Occupied HU | 2,729 (52.9%) |
| Renter Occupied HU | 1,992 (38.6%) |
| Vacant Housing Units | 441 ( 8.5%) |
| Median Home Value | $1,882,616 |
| Average Home Value | $1,791,437 |
Housing Distribution
Address Breakdown
Residential
4,631
Single Family
4,064
Multi-Family
567
Businesses
134
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Listed by: William Turner III • Douglas Elliman of California
Mls Name: CRMLS
Mls ID: #V1-34055