2311 4th St APT 311Santa 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
Total monthly income runs $3,810/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 7.04% with $3,810/mo rent. Return on cash invested shows 18.91% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 97.42% and total cumulative return in cash records $208,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,810/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Condo
Built in 1967
0.96 Acres 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: Melanie Sommers • Compass
Mls Name: CRMLS
Mls ID: #26641287