1240 Scioto Rd #228FSeal BeachCA90740
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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 Seal Beach at 1240 Scioto Rd #228F, Seal Beach, CA, 90740 offers a 11.37% rental yield on a $399,000 purchase with $3,779/mo rent. Total monthly income registers $3,779/mo, and a $1,953/mo payment leaves $1,311/mo available for distribution. Annual cash flow reaches $15,727/yr on $132,269 to close, and return on cash invested stands at 31.8% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 166.6% and total cumulative return in cash at $220,358. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,779/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1962
1,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90740, Seal Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,241 (100%) |
| Owner Occupied HU | 9,684 (68.0%) |
| Renter Occupied HU | 3,384 (23.8%) |
| Vacant Housing Units | 1,173 ( 8.2%) |
| Median Home Value | $687,252 |
| Average Home Value | $877,463 |
Housing Distribution
Address Breakdown
Residential
14,002
Single Family
12,039
Multi-Family
1,963
Businesses
1,120
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Listed by: Mark Hughes • Leisure Life Real Estate
Mls Name: CRMLS
Mls ID: #PW26006926