8110 Manitoba St APT 109, Playa Del Rey, CA, 90293 | $198/mo Cash Flow

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8110 Manitoba St APT 109, Playa Del Rey, CA, 90293 | $198/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Playa Del Rey at 8110 Manitoba St APT 109, Playa Del Rey, CA, 90293 listed at $549,999 pairs $3,600/mo rent with a $2,692/mo payment to leave $198/mo cash flow. Total monthly income runs $3,600/mo, and annual cash flow reaches $2,371/yr on $180,950 cash to close. Return on cash invested measures 21.37% in year one, and rental yield registers 7.85% at a $549,999 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 110.64% and total cumulative return in cash totals $200,205. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,600/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1983

3.73 Acres lot

$N/A/sqft

No HOA

More details about the property

Enjoy Resort-Style Living in the Heart of Playa del Rey. Step into modern coastal luxury with this beautifully updated one-bedroom, one-bathroom condo in one of the best locations in sought-after Seagate Village. Flooded with natural light, the open-concept layout showcases new flooring, recessed lighting, and a spacious living room complete with a cozy fireplace and seamless access to a large private balcony overlooking the pool, ideal for relaxing or entertaining, with additional storage space. Enjoy the chef's kitchen featuring Caesarstone countertops, stainless steel appliances, a custom tile backsplash, and a breakfast bar that flows into the adjacent dining area. The expansive bedroom boasts a massive closet and stylish en-suite bath, while soundproofed windows throughout ensure peace and privacy. Additional perks include in-unit laundry, two parking spaces with storage potential, upgraded electrical, and central HVAC installed in 2022 with a smart home control. Seagate Village is a secure, gated community offering resort-style amenities: two swimming pools, three spas, two tennis courts, serene streams, and lush landscaping. All this just a short walk to the beach, top restaurants, and scenic biking and walking paths. Live the best of Silicon Beachright at your doorstep.

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