2345 190th St #24Redondo BeachCA90278
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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
Investment property for sale in Redondo Beach at 2345 190th St #24, Redondo Beach, CA, 90278 listed at $217,500 pairs $1,454/mo rent with a $1,065/mo payment to leave $108/mo cash flow. Total monthly income runs $1,454/mo, and annual cash flow reaches $1,297/yr on $72,101 cash to close. Return on cash invested measures 21.71% in year one, and rental yield registers 8.02% at a $217,500 basis. Equity gained on principal adds $1,403/yr, and annual property appreciation at 5% supports $60,091 by year five. Five-year ROI tracks 112.55% and total cumulative return in cash totals $81,150. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,454/mo property income relative to a $1,065/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90278, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 9,444 (55.6%) |
| Renter Occupied HU | 6,957 (41.0%) |
| Vacant Housing Units | 580 ( 3.4%) |
| Median Home Value | $1,224,834 |
| Average Home Value | $1,265,967 |
Housing Distribution
Address Breakdown
Residential
16,782
Single Family
10,482
Multi-Family
6,300
Businesses
999
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Listed by: Gabrielle Herendeen • Estate Properties
Mls Name: CRMLS
Mls ID: #SB24175205