2308 Schader Dr Unit 308Santa MonicaCA90404
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
Investment Highlights
Investment property for sale in Santa Monica at 2308 Schader Dr Unit 308, Santa Monica, CA, 90404 offers a 5.97% rental yield on a $799,000 purchase with $3,972/mo rent. 63% in year one. Equity gained on principal adds $5,156/yr while 5% annual appreciation supports $220,749 over five years. Portfolio math shows five-year ROI at 79.84% and total cumulative return in cash at $209,874. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,972/mo property income against a $3,911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90404, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,386 (100%) |
| Owner Occupied HU | 2,071 (16.7%) |
| Renter Occupied HU | 9,230 (74.5%) |
| Vacant Housing Units | 1,085 ( 8.8%) |
| Median Home Value | $1,282,886 |
| Average Home Value | $1,355,974 |
Housing Distribution
Address Breakdown
Residential
11,190
Single Family
3,290
Multi-Family
7,900
Businesses
1,712
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meghan Fitzgerald • Compass
Mls Name: CLAW
Mls ID: #26642307