220 S Prospect Ave APT 4Redondo BeachCA90277
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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 Redondo Beach at 220 S Prospect Ave APT 4, Redondo Beach, CA, 90277 generates $8,114/mo in rent and, after a $5,384/mo payment, leaves $660/mo in cash flow. Total monthly income is $8,114/mo, and annual cash flow is $7,920/yr on $356,400 invested. Return on cash invested sits at 22.59% in year one, and rental yield is 8.85% on a $1,099,999 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,909 over five years. Five-year ROI reaches 117.91% and total cumulative return in cash sums $420,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,114/mo property income rather than buyer’s personal income.
Townhouse
Built in 1980
0.56 Acres lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90277, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,815 (100%) |
| Owner Occupied HU | 7,737 (43.4%) |
| Renter Occupied HU | 8,952 (50.2%) |
| Vacant Housing Units | 1,126 ( 6.3%) |
| Median Home Value | $1,456,087 |
| Average Home Value | $1,522,751 |
Housing Distribution
Address Breakdown
Residential
18,022
Single Family
8,500
Multi-Family
9,522
Businesses
1,826
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Listed by: Alan Fasnacht • Team Fasnacht Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #PW24182223
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information