2221 Ocean Ave APT 101Santa 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 2221 Ocean Ave APT 101, Santa Monica, CA, 90405 generates $5,695/mo in rent, after a $7,342/mo payment. Total monthly income is $5,695/mo. Return on cash invested sits at 11.52% in year one, and rental yield is 4.56% on a $1,499,999 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation builds toward $414,422 over five years. Five-year ROI reaches 57.75% and total cumulative return in cash sums $280,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,695/mo property income rather than buyer’s personal income.
Condo
Built in 1973
10,397 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: Anolan Dragitsch • Nest Seekers
Mls Name: CLAW
Mls ID: #25624109