product

markets

method

976 Miramonte Dr, Santa Barbara, CA 93109 — $815,000 · 1bd · ~0.4% rule | OnePercent

976 Miramonte Dr, Santa Barbara, CA 93109

$815,000

Home·Santa Barbara 93109·976 Miramonte Dr, Santa Barbara, CA 93109

Confirmed 2 days ago · −2.9% since list · seller motivation 18

976 Miramonte Dr, Santa Barbara, CA 93109

1 bd · 1 ba · 630 sqft · built 1973 · Santa Barbara · CONDOS·source listing ↗

$815,000

$839,000 first listed

seller intel

Price cut

−2.9%

from $839,000

Motivation score

18/100

OnePercent model (vv1)$3,439/mo

p10–p90 confidence band

HUD Fair Market Rent · 93109 · 1BR$3,900/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Santa Barbara

Flood risk indexRelatively Moderate FEMA NRI

Median household income$123,347

Median area rent$2,823/mo

Median home value$1,882,500

the verdict

0.42%vs 0.8% target

financing: 20% down · — (FRED, live) · 30yr

$815,000

0.42% · rent $3,439

Intrinsic value · income approach

$1,307,027

38% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.