201 Ocean Ave UNIT 1603BSanta MonicaCA90402
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow201 Ocean Ave UNIT 1603B, Santa Monica, CA, 90402 in Santa Monica earns a respectable 11.24% gross yield at $1,050,000, but after the $4,721/mo mortgage the net cash flow is $97/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (2.08) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $290,096 over five years, making equity the dominant return driver. Total projected return: $418,521.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 5.2% |
| Monthly Cash Flow | $97 | $1,500 |
City averages based on Santa Monica market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,833 |
| Total Monthly Debt Service | $9,318 |
| DSCR Ratio | 1.06x |
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 1971
1.33 Acres lot
$N/A/sqft
$2,375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90402, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,335 (54.5%) |
| Renter Occupied HU | 2,085 (34.1%) |
| Vacant Housing Units | 694 (11.4%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,050,430 |
Housing Distribution
Address Breakdown
Residential
5,554
Single Family
3,624
Multi-Family
1,930
Businesses
97
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 1971
1.33 Acres lot
$N/A/sqft
$2,375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90402, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,335 (54.5%) |
| Renter Occupied HU | 2,085 (34.1%) |
| Vacant Housing Units | 694 (11.4%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,050,430 |
Housing Distribution
Address Breakdown
Residential
5,554
Single Family
3,624
Multi-Family
1,930
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices