2677 Centinela Ave UNIT 309Santa MonicaCA90405
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2677 Centinela Ave UNIT 309, Santa Monica, CA, 90405 in Santa Monica speaks for itself: 11.45% gross on a $1,145,000 price, generating $10,930/mo in rent and $2,619/mo in net income after the $5,149/mo debt service. DSCR 2.12, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $31,425 stacks alongside $316,342 in projected five-year appreciation and $10,546/yr in principal reduction. Projected total cumulative return: $608,020.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 5.2% |
| Monthly Cash Flow | $2,619 | $1,500 |
City averages based on Santa Monica market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $10,930 |
| Total Monthly Debt Service | $7,855 |
| DSCR Ratio | 1.39x |
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 1980
0.78 Acres lot
$N/A/sqft
$826 monthly 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
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 1980
0.78 Acres lot
$N/A/sqft
$826 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices