Under $500K Investment Properties for Sale in Santa Cruz, CA
Listed for sale 6 days ago
$ 352,000
ROI
23.3
Cash Flow/m
345- 2 Bed
- 2 Bath
- 1100 sft
1040 38th Ave Spc 43, Santa Cruz, CA, 95062
Listed for sale 7 days ago
$ 399,000
ROI
26.5Cash Flow/m
743- 1 Bed
- 1 Bath
- 835 sft
708 Frederick St APT 205, Santa Cruz, CA, 95062
$ 360,000
ROI
21.6Cash Flow/m
188- 2 Bed
- 1 Bath
- 480 sft
2546 Capitola Rd #62, Santa Cruz, CA, 95062
$ 449,000
ROI
27.5Cash Flow/m
962- 2 Bed
- 2 Bath
- 1100 sft
2355 Brommer St Spc 38, Santa Cruz, CA, 95062
Why Invest in Santa Cruz, California?
Investing in Santa Cruz, CA, under $500k offers a unique opportunity to tap into a market with strong rental yields and potential for appreciation. With a vibrant local economy and a scenic coastal location, this area attracts both tourists and long-term residents alike, ensuring continued demand for housing. The favorable cash flow metrics and increasing average rent make it an attractive option for investors looking for sustainable returns.
8%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$300/mo
Avg. Cash Flow
$2200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
In Santa Cruz, properties under $500k typically include smaller single-family homes, condos, and townhouses. The market for such properties is competitive, often attracting first-time buyers and investors.
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