1200 Ohio Ave APT 6Long BeachCA90804
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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 Long Beach at 1200 Ohio Ave APT 6, Long Beach, CA, 90804 earns $328/mo cash flow from $3,074/mo rent with a $2,173/mo payment. Total monthly income totals $3,074/mo, and annual cash flow totals $3,930/yr on $147,186 capital. ROI tracks 22.58% on current figures, and rental yield reads 8.31% at a $444,000 purchase. Equity gained on principal adds $2,865/yr, and 5% annual appreciation supports $122,669 over five years. Five-year ROI reaches 117.16% and total cumulative return in cash sums $172,446. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,074/mo property income instead of your personal income.
Condo
Built in 1987
7,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90804, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,850 (100%) |
| Owner Occupied HU | 3,067 (19.4%) |
| Renter Occupied HU | 12,011 (75.8%) |
| Vacant Housing Units | 772 ( 4.9%) |
| Median Home Value | $796,806 |
| Average Home Value | $838,697 |
Housing Distribution
Address Breakdown
Residential
15,570
Single Family
6,201
Multi-Family
9,369
Businesses
1,143
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Listed by: Chase Whitney • First Team Real Estate
Mls Name: CRMLS
Mls ID: #PW25171433