615 Hampton Dr UNIT A309VeniceCA90291
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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 Venice at 615 Hampton Dr UNIT A309, Venice, CA, 90291 generates $5,263/mo in rent, after a $6,750/mo payment. Total monthly income is $5,263/mo. Return on cash invested sits at 11.59% in year one, and rental yield is 4.58% on a $1,379,000 entry. Equity gained on principal adds $8,898/yr, while 5% annual appreciation builds toward $380,992 over five years. Five-year ROI reaches 58.14% and total cumulative return in cash sums $259,754. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,263/mo property income rather than buyer’s personal income.
Condo
Built in 2004
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90291, Venice, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,662 (100%) |
| Owner Occupied HU | 4,668 (28.0%) |
| Renter Occupied HU | 10,056 (60.4%) |
| Vacant Housing Units | 1,938 (11.6%) |
| Median Home Value | $1,996,664 |
| Average Home Value | $1,825,395 |
Housing Distribution
Address Breakdown
Residential
15,689
Single Family
9,601
Multi-Family
6,088
Businesses
1,190
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Listed by: Rya Meyers • Pardee Properties
Mls Name: CLAW
Mls ID: #25604197