2020 6th St APT 2Santa MonicaCA90405
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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 2020 6th St APT 2, Santa Monica, CA, 90405 generates $7,768/mo in rent, after a $9,300/mo payment. Total monthly income is $7,768/mo. Return on cash invested sits at 12.6% in year one, and rental yield is 4.91% on a $1,900,000 entry. Equity gained on principal adds $12,260/yr, while 5% annual appreciation builds toward $524,935 over five years. Five-year ROI reaches 63.54% and total cumulative return in cash sums $391,155. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,768/mo property income rather than buyer’s personal income.
Condo
Built in 1990
5,627 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90405, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,200 (100%) |
| Owner Occupied HU | 4,571 (30.1%) |
| Renter Occupied HU | 9,417 (62.0%) |
| Vacant Housing Units | 1,212 ( 8.0%) |
| Median Home Value | $1,782,468 |
| Average Home Value | $1,716,955 |
Housing Distribution
Address Breakdown
Residential
15,252
Single Family
6,537
Multi-Family
8,715
Businesses
1,432
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Listed by: Robert Maschio • Compass
Mls Name: CLAW
Mls ID: #25546609