1642 Merion Way #2-39HSeal 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 1642 Merion Way #2-39H, Seal Beach, CA, 90740 uses $69,615 cash to close to unlock $2,493/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $1,028/mo payment keeps the spread at $208/mo. Purchase price stands at $210,000, and rental yield measures 8.61% with $1,507/mo rent. Return on cash invested shows 23.49% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 122.05% and total cumulative return in cash records $84,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1960
N/A 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: Nicholas Monteer • Gasper-Monteer Realty Group
Mls Name: CRMLS
Mls ID: #PW26018683