634 Meyer Ln UNIT DRedondo BeachCA90278
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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 Redondo Beach at 634 Meyer Ln UNIT D, Redondo Beach, CA, 90278 offers $4,365/mo rent that, after a $6,118/mo payment. Total monthly income is $4,365/mo. Return on cash invested measures 10.39% in year one, and rental yield stands at 4.19% at a $1,250,000 entry. Equity gained on principal adds $8,066/yr while 5% annual appreciation compounds into $345,352 by year five. Five-year ROI records 51.71% and total cumulative return in cash reaches $209,425. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,365/mo property income versus a $6,118/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2002
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90278, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 9,444 (55.6%) |
| Renter Occupied HU | 6,957 (41.0%) |
| Vacant Housing Units | 580 ( 3.4%) |
| Median Home Value | $1,224,834 |
| Average Home Value | $1,265,967 |
Housing Distribution
Address Breakdown
Residential
16,782
Single Family
10,482
Multi-Family
6,300
Businesses
999
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Listed by: Miquella Zulfiqar • Realty One Group Pacific
Mls Name: CRMLS
Mls ID: #SW25279821