1108 18th St APT 7Santa MonicaCA90403
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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 Monica at 1108 18th St APT 7, Santa Monica, CA, 90403 earns from $4,825/mo rent with a $7,342/mo payment. Total monthly income totals $4,825/mo. ROI tracks 9.37% on current figures, and rental yield reads 3.86% at a $1,500,000 purchase. Equity gained on principal adds $9,679/yr, and 5% annual appreciation supports $414,422 over five years. Five-year ROI reaches 46.23% and total cumulative return in cash sums $224,699. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,825/mo property income instead of your personal income.
Townhouse
Built in 1981
0.37 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
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Listed by: Simon Mills • Mills Realty of California
Mls Name: CRMLS
Mls ID: #SR25220212