2930 Neilson Way UNIT 601Santa MonicaCA90405
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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 Santa Monica at 2930 Neilson Way UNIT 601, Santa Monica, CA, 90405 earns from $8,741/mo rent with a $9,295/mo payment. Total monthly income totals $8,741/mo. ROI tracks 14.51% on current figures, and rental yield reads 5.52% at a $1,899,000 purchase. Equity gained on principal adds $12,254/yr, and 5% annual appreciation supports $524,659 over five years. Five-year ROI reaches 73.77% and total cumulative return in cash sums $453,865. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,741/mo property income instead of your personal income.
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
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Listed by: Brian Maser • The Condo Experts
Mls Name: CLAW
Mls ID: #25578443