908 6th St APT 5Santa MonicaCA90403
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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 Santa Monica at 908 6th St APT 5, Santa Monica, CA, 90403 listed at $915,000 pairs $6,493/mo rent with a $4,478/mo payment to leave $833/mo cash flow. Total monthly income runs $6,493/mo, and annual cash flow reaches $9,997/yr on $301,035 cash to close. Return on cash invested measures 23.38% in year one, and rental yield registers 8.52% at a $915,000 basis. Equity gained on principal adds $5,904/yr, and annual property appreciation at 5% supports $252,798 by year five. Five-year ROI tracks 121.43% and total cumulative return in cash totals $365,549. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,493/mo property income relative to a $4,478/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1958
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90403, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,536 (100%) |
| Owner Occupied HU | 3,137 (21.6%) |
| Renter Occupied HU | 9,979 (68.7%) |
| Vacant Housing Units | 1,420 ( 9.8%) |
| Median Home Value | $1,743,844 |
| Average Home Value | $1,682,748 |
Housing Distribution
Address Breakdown
Residential
14,810
Single Family
3,037
Multi-Family
11,773
Businesses
911
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Listed by: Sherie Howard • Sherie Howard & Associates, Inc
Mls Name: CLAW
Mls ID: #25570573