201 Ocean Ave UNIT 710PSanta MonicaCA90402
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.71 makes 201 Ocean Ave UNIT 710P, Santa Monica, CA, 90402 in Santa Monica one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.24%. The 9.24% yield, 5% annual appreciation ($269,375 over five years), and $8,980/yr in principal reduction project a total cumulative return of $464,465.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.2% |
| Monthly Cash Flow | $(1,814) | $1,500 |
City averages based on Santa Monica market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,504 |
| Total Monthly Debt Service | $5,644 |
| DSCR Ratio | 1.33x |
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
0.89 Acres lot
$N/A/sqft
No 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
0.89 Acres lot
$N/A/sqft
No 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
Listed by: Dale Pearson • Coldwell Banker Realty
Mls Name: CLAW
Mls ID: #25559565