2624 Kansas Ave APT 4Santa MonicaCA90404
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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 2624 Kansas Ave APT 4, Santa Monica, CA, 90404 generates $3,738/mo in rent, after a $3,911/mo payment. Total monthly income is $3,738/mo. Return on cash invested sits at 14.56% in year one, and rental yield is 5.61% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 74.11% and total cumulative return in cash sums $194,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,738/mo property income rather than buyer’s personal income.
Townhouse
Built in 1972
0.89 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
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Listed by: Staci Siegel • ENGEL & VLKERS Santa Monica
Mls Name: CLAW
Mls ID: #25599491