23901 Civic Center Way #E-348MalibuCA90265
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 23901 Civic Center Way #E-348, Malibu, CA, 90265 in Malibu hard to pass up. The 10.9% gross yield on a $908,000 purchase results in $8,251/mo in rent and $1,565/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.02). Annual cash flow of $18,780, five-year appreciation of $250,864, and $8,363/yr in equity build-up combine for a projected total cumulative return of $449,675.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 5.0% |
| Monthly Cash Flow | $1,565 | $1,500 |
City averages based on Malibu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,251 |
| Total Monthly Debt Service | $6,325 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
3.83 Acres lot
$N/A/sqft
$970 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90265, Malibu, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,642 (100%) |
| Owner Occupied HU | 3,955 (51.8%) |
| Renter Occupied HU | 1,500 (19.6%) |
| Vacant Housing Units | 2,187 (28.6%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,834,116 |
Housing Distribution
Address Breakdown
Residential
7,634
Single Family
6,864
Multi-Family
770
Businesses
763
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
Condo
Built in 1972
3.83 Acres lot
$N/A/sqft
$970 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90265, Malibu, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,642 (100%) |
| Owner Occupied HU | 3,955 (51.8%) |
| Renter Occupied HU | 1,500 (19.6%) |
| Vacant Housing Units | 2,187 (28.6%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,834,116 |
Housing Distribution
Address Breakdown
Residential
7,634
Single Family
6,864
Multi-Family
770
Businesses
763
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices