611 Grant StSanta 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
Rental property for sale in Santa Monica at 611 Grant St, Santa Monica, CA, 90405 priced at $1,625,000 converts $4,886/mo rent into after a $7,954/mo obligation. Total monthly income equals $4,886/mo. Return on cash invested prints 8.59% in year one, and rental yield reads 3.61% against a $1,625,000 entry. Equity gained on principal adds $10,486/yr, while 5% annual appreciation compiles into $448,958 by year five. Five-year ROI reaches 42.07% and total cumulative return in cash sums $221,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,886/mo property income covering a $7,954/mo payment, not borrower’s personal income.
Single Family
Built in 1925
1,650 sqft 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: Frank Langen • Compass
Mls Name: CLAW
Mls ID: #25576959