8238 W Manchester Ave APT 108Playa Del ReyCA90293
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 8238 W Manchester Ave APT 108, Playa Del Rey, CA, 90293 in Playa Del Rey. Rental yield 7.36%. The 1.36 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $267,993 and $8,934/yr in principal reduction project total return of $364,687.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 5.0% |
| Monthly Cash Flow | $(683) | $1,500 |
City averages based on Playa Del Rey market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,952 |
| Total Monthly Debt Service | $5,615 |
| DSCR Ratio | 1.06x |
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 2008
0.70 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 2008
0.70 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: Raisa Lobo • Compass
Mls Name: CLAW
Mls ID: #26649209