194 Coronada Cir
SANTA BARBARA, CA
Property Report
Property Details
- Use Code (Standard)
- RSFR
- Use Code (Municipal)
- 01
- Zoning
- Year Built
- Remodeled
- No remodel recorded
- Lot Sqft (ac)
- 19602.00 (0.45)
- Bldg Sqft
- Unknown
- Bed
- 0
- Bath
- Total Rooms
- Unknown
- Stories
- Unknown
- Units
- 1
- Parking
- Unknown
Legal Description
- Parcel Number
- 01504058
- Description
- VILLA CORONADA LOT 22
- Subdivision
- VILLA CORONADA
Active & Recently Sold Comparables
No active comparable properties found.
No recently sold comparable properties found.
Rental comparables
| Source | Accuracy | Low | Median | High | # of Comparables | More info |
|---|---|---|---|---|---|---|
| Rentometer | Census Tract | $3,175 | $3,750 | $3,750 | 20 | Comparables Report |
| HUD FMR | Statistical Area (CBSA) | $1,334 | Not applicable | HUD FMR Information |
Investment Summary
This investment summary assumes a 30-year fixed loan, 20% down, 7% APR. It uses operating assumptions of 10% management fees, 9% vacancy allotment, 3% repairs. This investment summary assumes that rents increase each year by 5%. This property would need to be purchased for $519,000 in order to generate a break-even cashflow based on prevaliing market rents.
| 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | |
|---|---|---|---|---|---|
| Break-even Purchase Price | $519,000 | ||||
| Rents | $45,000 |
$51,444 |
$54,861 |
$55,607 |
$58,004 |
| Cashflow Before Taxes | $-4,841 |
$185 |
$2,850 |
$3,432 |
$5,302 |
| Cash-on-Cash Return | -4.66% |
0.18% |
2.75% |
3.31% |
5.11% |
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