1308 9th St APT 3Santa MonicaCA90401
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1308 9th St APT 3, Santa Monica, CA, 90401 in Santa Monica deserves attention. This $1,049,000 property earns $11,477/mo in rent, a 13.13% gross yield, and nets $4,308/mo after the $4,717/mo payment. DSCR 2.43 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $289,819 compounds alongside $9,661/yr in yearly equity build, for a total cumulative return of $677,944.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 5.2% |
| Monthly Cash Flow | $4,308 | $1,500 |
City averages based on Santa Monica market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $11,477 |
| Total Monthly Debt Service | $6,751 |
| DSCR Ratio | 1.70x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1978
7,527 sqft lot
$N/A/sqft
$433 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90401, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,793 (100%) |
| Owner Occupied HU | 302 ( 5.2%) |
| Renter Occupied HU | 4,567 (78.8%) |
| Vacant Housing Units | 924 (16.0%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,769,103 |
Housing Distribution
Address Breakdown
Residential
5,945
Single Family
961
Multi-Family
4,984
Businesses
1,728
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
Townhouse
Built in 1978
7,527 sqft lot
$N/A/sqft
$433 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90401, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,793 (100%) |
| Owner Occupied HU | 302 ( 5.2%) |
| Renter Occupied HU | 4,567 (78.8%) |
| Vacant Housing Units | 924 (16.0%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,769,103 |
Housing Distribution
Address Breakdown
Residential
5,945
Single Family
961
Multi-Family
4,984
Businesses
1,728
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices