201 Ocean Ave UNIT 1910BSanta MonicaCA90402
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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
Rental property for sale in Santa Monica at 201 Ocean Ave UNIT 1910B, Santa Monica, CA, 90402 generates $4,766/mo in rent, after a $6,179/mo payment. Total monthly income is $4,766/mo. Return on cash invested sits at 5.66% in year one, and rental yield is 4.53% on a $1,262,500 entry. Equity gained on principal adds $8,147/yr, while 5% annual appreciation builds toward $348,805 over five years. Five-year ROI reaches 28.42% and total cumulative return in cash sums $116,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,766/mo property income rather than buyer’s personal income.
Condo
Built in 1971
301 sqft lot
$N/A/sqft
$1,437 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
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