912 6th St UNIT 8Santa 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 912 6th St UNIT 8, Santa Monica, CA, 90403 listed at $595,000 pairs $3,698/mo rent with a $2,912/mo payment to leave $17/mo cash flow. Total monthly income runs $3,698/mo, and annual cash flow reaches $209/yr on $195,755 cash to close. Return on cash invested measures 20.17% in year one, and rental yield registers 7.46% at a $595,000 basis. Equity gained on principal adds $3,839/yr, and annual property appreciation at 5% supports $164,388 by year five. Five-year ROI tracks 104.19% and total cumulative return in cash totals $203,966. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,698/mo property income relative to a $2,912/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: Keith Endow • Berkshire Hathaway HomeServices California Properties
Mls Name: CLAW
Mls ID: #25612315