1015 21st St UNIT BSanta MonicaCA90403
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
Investment property for sale in Santa Monica at 1015 21st St UNIT B, Santa Monica, CA, 90403 uses $143,902 cash to close to unlock $63,799/yr annual cash flow and $5,317/mo monthly cash flow. Total monthly income runs $8,202/mo, and a $2,125/mo payment keeps the spread at $5,317/mo. Purchase price stands at $434,094, and rental yield measures 22.67% with $8,202/mo rent. Return on cash invested shows 64.24% in year one, and 5% annual appreciation builds toward $119,932 over five years. Five-year ROI reaches 341.19% and total cumulative return in cash records $490,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,202/mo property income covering a $2,125/mo payment rather than investor’s personal income.
Condo
Built in 1974
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90403, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,536 (100%) |
| Owner Occupied HU | 3,137 (21.6%) |
| Renter Occupied HU | 9,979 (68.7%) |
| Vacant Housing Units | 1,420 ( 9.8%) |
| Median Home Value | $1,743,844 |
| Average Home Value | $1,682,748 |
Housing Distribution
Address Breakdown
Residential
14,810
Single Family
3,037
Multi-Family
11,773
Businesses
911
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A