8500 Falmouth Ave UNIT 3104Playa Del ReyCA90293
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 8500 Falmouth Ave UNIT 3104, Playa Del Rey, CA, 90293 in Playa Del Rey deserves attention. This $743,000 property earns $6,338/mo in rent, a 10.24% gross yield, and nets $1,055/mo after the $3,341/mo payment. DSCR 1.90 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $205,277 compounds alongside $6,843/yr in yearly equity build, for a total cumulative return of $352,606.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 5.0% |
| Monthly Cash Flow | $1,055 | $1,500 |
City averages based on Playa Del Rey market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,338 |
| Total Monthly Debt Service | $4,988 |
| DSCR Ratio | 1.27x |
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 1986
2.46 Acres lot
$N/A/sqft
$687 monthly 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 1986
2.46 Acres lot
$N/A/sqft
$687 monthly 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