Plan 2 Plan, The FoundryRedondo BeachCA90278
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate Plan 2 Plan, The Foundry, Redondo Beach, CA, 90278 in Redondo Beach. At $1,522,000 it earns $10,466/mo in rent and distributes $1,051/mo to the owner after the $6,844/mo payment, a consistent 8.25% yield. DSCR 1.53 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $420,501 in value; $14,018/yr in principal paydown compounds ownership stake. Total projected return: $644,721.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 4.5% |
| Monthly Cash Flow | $1,051 | $300 |
City averages based on Redondo Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $10,466 |
| Total Monthly Debt Service | $8,810 |
| DSCR Ratio | 1.19x |
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.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90278, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 9,444 (55.6%) |
| Renter Occupied HU | 6,957 (41.0%) |
| Vacant Housing Units | 580 ( 3.4%) |
| Median Home Value | $1,224,834 |
| Average Home Value | $1,265,967 |
Housing Distribution
Address Breakdown
Residential
16,782
Single Family
10,482
Multi-Family
6,300
Businesses
999
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
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90278, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 9,444 (55.6%) |
| Renter Occupied HU | 6,957 (41.0%) |
| Vacant Housing Units | 580 ( 3.4%) |
| Median Home Value | $1,224,834 |
| Average Home Value | $1,265,967 |
Housing Distribution
Address Breakdown
Residential
16,782
Single Family
10,482
Multi-Family
6,300
Businesses
999
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices