635 S Prospect Ave UNIT 103Redondo BeachCA90277
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 635 S Prospect Ave UNIT 103, Redondo Beach, CA, 90277 generates $4,097/mo in rent and, after a $3,228/mo payment, leaves $17/mo in cash flow. Total monthly income is $4,097/mo, and annual cash flow is $206/yr on $216,976 invested. Return on cash invested sits at 20.16% in year one, and rental yield is 7.45% on a $659,500 entry. Equity gained on principal adds $4,256/yr, while 5% annual appreciation builds toward $182,208 over five years. Five-year ROI reaches 104.13% and total cumulative return in cash sums $225,944. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,097/mo property income rather than buyer’s personal income.
Condo
Built in 1970
3.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90277, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,815 (100%) |
| Owner Occupied HU | 7,737 (43.4%) |
| Renter Occupied HU | 8,952 (50.2%) |
| Vacant Housing Units | 1,126 ( 6.3%) |
| Median Home Value | $1,456,087 |
| Average Home Value | $1,522,751 |
Housing Distribution
Address Breakdown
Residential
18,022
Single Family
8,500
Multi-Family
9,522
Businesses
1,826
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Milly Djukic • Keller Williams Palos Verdes
Mls Name: CRMLS
Mls ID: #IN25120437