29600 Island View Dr APT 300, Rancho Palos Verdes, CA, 90275 | $693/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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29600 Island View Dr APT 300, Rancho Palos Verdes, CA, 90275 | $693/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Rancho Palos Verdes at 29600 Island View Dr APT 300, Rancho Palos Verdes, CA, 90275 generates $3,662/mo in rent and, after a $2,349/mo payment, leaves $693/mo in cash flow. Total monthly income is $3,662/mo, and annual cash flow is $8,316/yr on $159,120 invested. Return on cash invested sits at 25.14% in year one, and rental yield is 9.16% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 130.85% and total cumulative return in cash sums $208,205. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,662/mo property income rather than buyer’s personal income.

Condo

Built in 1974

0.85 Acres lot

$N/A/sqft

No HOA

More details about the property

Ocean-view end unit with incredible potential. Enjoy ocean and canyon views from this extra-large one-bedroom condo featuring high ceilings, a stone fireplace, a private deck, wet bar, in-unit laundry, and four spacious closets. Located in a desirable community offering a pool, spa, secure parking, security door, community room and easy elevator access. Nestled on a cul-de-sac near Hess Park, top-rated schools, shops, and restaurants. This unit offers a rare opportunity to customize and create your dream coastal retreatneeds some TLC but has great bones and views to match!

Neighborhood Data

Neighborhood data shown for ZIP Code: 90275, Rancho Palos Verdes, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,340 (100%)
Owner Occupied HU	12,140 (74.3%)
Renter Occupied HU	3,471 (21.2%)
Vacant Housing Units	729 ( 4.5%)
Median Home Value	$1,493,370
Average Home Value	$1,540,666