8711 Falmouth Ave UNIT 104Playa 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
Rental property for sale in Playa Del Rey at 8711 Falmouth Ave UNIT 104, Playa Del Rey, CA, 90293 generates $4,651/mo in rent, after a $4,332/mo payment. Total monthly income is $4,651/mo. Return on cash invested sits at 16.66% in year one, and rental yield is 6.31% on a $885,000 entry. Equity gained on principal adds $5,711/yr, while 5% annual appreciation builds toward $244,509 over five years. Five-year ROI reaches 85.4% and total cumulative return in cash sums $248,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,651/mo property income rather than buyer’s personal income.
Condo
Built in 1982
3.14 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: Vivian Lesny • eXp Realty of Greater Los Angeles
Mls Name: CLAW
Mls ID: #25612039