7740 Redlands St UNIT M1077Playa Del ReyCA90293
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderNot flashy, but dependably profitable, 7740 Redlands St UNIT M1077, Playa Del Rey, CA, 90293 in Playa Del Rey is listed at $495,000 and delivers $3,289/mo in rent and $227/mo in net monthly cash flow. The 7.97% yield and 1.48 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $136,759 over five years, and $4,559/yr in principal reduction supplements cash return. Total projected cumulative return: $202,289.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.0% |
| Monthly Cash Flow | $227 | $1,500 |
City averages based on Playa Del Rey market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,289 |
| Total Monthly Debt Service | $2,865 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1971
7.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90293, Playa Del Rey, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,199 (100%) |
| Owner Occupied HU | 2,625 (42.3%) |
| Renter Occupied HU | 3,233 (52.2%) |
| Vacant Housing Units | 341 ( 5.5%) |
| Median Home Value | $1,244,831 |
| Average Home Value | $1,374,257 |
Housing Distribution
Address Breakdown
Residential
6,887
Single Family
1,973
Multi-Family
4,914
Businesses
237
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
Condo
Built in 1971
7.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90293, Playa Del Rey, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,199 (100%) |
| Owner Occupied HU | 2,625 (42.3%) |
| Renter Occupied HU | 3,233 (52.2%) |
| Vacant Housing Units | 341 ( 5.5%) |
| Median Home Value | $1,244,831 |
| Average Home Value | $1,374,257 |
Housing Distribution
Address Breakdown
Residential
6,887
Single Family
1,973
Multi-Family
4,914
Businesses
237
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Sacks • Coldwell Banker Realty
Mls Name: CLAW
Mls ID: #25585185