8238 W Manchester Ave APT 405Playa Del ReyCA90293
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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
Investment property for sale in Playa Del Rey at 8238 W Manchester Ave APT 405, Playa Del Rey, CA, 90293 offers a 4.38% rental yield on a $1,029,000 purchase with $3,756/mo rent. 98% in year one. Equity gained on principal adds $6,640/yr while 5% annual appreciation supports $284,294 over five years. Portfolio math shows five-year ROI at 54.85% and total cumulative return in cash at $182,856. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,756/mo property income against a $5,036/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Stephanie Younger • Compass
Mls Name: CLAW
Mls ID: #25623353