1240 24th St UNIT 3Santa MonicaCA90404
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 1240 24th St UNIT 3, Santa Monica, CA, 90404 earns from $5,363/mo rent with a $6,803/mo payment. Total monthly income totals $5,363/mo. ROI tracks 11.75% on current figures, and rental yield reads 4.63% at a $1,390,000 purchase. Equity gained on principal adds $8,969/yr, and 5% annual appreciation supports $384,031 over five years. Five-year ROI reaches 58.98% and total cumulative return in cash sums $265,632. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,363/mo property income instead of your personal income.
Townhouse
Built in 1988
5,318 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90404, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,386 (100%) |
| Owner Occupied HU | 2,071 (16.7%) |
| Renter Occupied HU | 9,230 (74.5%) |
| Vacant Housing Units | 1,085 ( 8.8%) |
| Median Home Value | $1,282,886 |
| Average Home Value | $1,355,974 |
Housing Distribution
Address Breakdown
Residential
11,190
Single Family
3,290
Multi-Family
7,900
Businesses
1,712
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary Limjap • Coldwell Banker Realty
Mls Name: CLAW
Mls ID: #25566993