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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Long Beach at 1187 E 3rd St UNIT 308, Long Beach, CA, 90802 generates $3,706/mo in rent and, after a $1,933/mo payment, leaves $933/mo in cash flow. Total monthly income is $3,706/mo, and annual cash flow is $11,193/yr on $130,943 invested. Return on cash invested sits at 28.46% in year one, and rental yield is 11.26% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 149.78% and total cumulative return in cash sums $196,122. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,706/mo property income rather than buyer’s personal income.
Condo
Built in 1969
0.58 Acres lot
$N/A/sqft
$330 monthly HOA
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,306 (100%) |
| Owner Occupied HU | 4,625 (17.6%) |
| Renter Occupied HU | 19,014 (72.3%) |
| Vacant Housing Units | 2,667 (10.1%) |
| Median Home Value | $758,455 |
| Average Home Value | $819,112 |
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
Date | Event | Price |
|---|---|---|
| 2024-08-09 | Listed for sale | $395,000 |
| 2015-01-15 | Sold | $185,000 |
| 2014-07-24 | Price change | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $2875.74 | 6.49% | $213,700 | 2.00% |
| 2022-08-15 | $2700.59 | 2.13% | $209,511 | 2.00% |
| 2021-08-15 | $2644.26 | 0.26% | $205,404 | 1.04% |
Listed by: Jon Zentgraf • Fiv Realty Co
Mls Name: CRMLS
Mls Provider:
Mls ID: #RS24163894
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
