1705 Ocean Ave UNIT 105Santa MonicaCA90401
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1705 Ocean Ave UNIT 105, Santa Monica, CA, 90401 in Santa Monica speaks for itself: 10.41% gross on a $995,000 price, generating $8,635/mo in rent and $2,480/mo in net income after the $4,474/mo debt service. DSCR 1.93, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $29,760 stacks alongside $274,900 in projected five-year appreciation and $9,164/yr in principal reduction. Projected total cumulative return: $536,852.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 5.2% |
| Monthly Cash Flow | $2,480 | $1,500 |
City averages based on Santa Monica market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,635 |
| Total Monthly Debt Service | $5,759 |
| DSCR Ratio | 1.50x |
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.
Condo
Built in 2014
0.94 Acres lot
$N/A/sqft
No 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
Condo
Built in 2014
0.94 Acres lot
$N/A/sqft
No 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
Listed by: Trevor Zien • The Agency
Mls Name: CLAW
Mls ID: #25590855