2910 Neilson Way UNIT 503Santa MonicaCA90405
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
Investment Highlights
Investment property for sale in Santa Monica at 2910 Neilson Way UNIT 503, Santa Monica, CA, 90405 offers a 4% rental yield on a $1,599,000 purchase with $5,330/mo rent. 8% in year one. Equity gained on principal adds $10,318/yr while 5% annual appreciation supports $441,774 over five years. Portfolio math shows five-year ROI at 48.55% and total cumulative return in cash at $251,545. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,330/mo property income against a $7,826/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
3.08 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Jacobson • Standard Realty
Mls Name: CRMLS
Mls ID: #SR25228706