1124 E Ridgewood StLong BeachCA90807
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
Investment Highlights
Investment property for sale in Long Beach at 1124 E Ridgewood St, Long Beach, CA, 90807 listed at $1,048,888 pairs $3,942/mo rent with a $5,134/mo payment. Total monthly income runs $3,942/mo. Return on cash invested measures 11.38% in year one, and rental yield registers 4.51% at a $1,048,888 basis. Equity gained on principal adds $6,768/yr, and annual property appreciation at 5% supports $289,788 by year five. Five-year ROI tracks 57% and total cumulative return in cash totals $193,708. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,942/mo property income relative to a $5,134/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
5,814 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90807, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,872 (100%) |
| Owner Occupied HU | 6,745 (52.4%) |
| Renter Occupied HU | 5,615 (43.6%) |
| Vacant Housing Units | 512 ( 4.0%) |
| Median Home Value | $905,616 |
| Average Home Value | $1,003,483 |
Housing Distribution
Address Breakdown
Residential
12,697
Single Family
8,208
Multi-Family
4,489
Businesses
1,415
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victor Rodriguez • eXp Realty of Greater L.A
Mls Name: CRMLS
Mls ID: #DW25228326