128 Lime Ave APT 14Long BeachCA90802
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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
Rental property for sale in Long Beach at 128 Lime Ave APT 14, Long Beach, CA, 90802 generates $1,913/mo in rent and, after a $1,444/mo payment, leaves $88/mo in cash flow. Total monthly income is $1,913/mo, and annual cash flow is $1,055/yr on $97,793 invested. Return on cash invested sits at 20.99% in year one, and rental yield is 7.78% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 108.61% and total cumulative return in cash sums $106,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,913/mo property income rather than buyer’s personal income.
Condo
Built in 1929
8,372 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
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Listed by: Nikica Vasily • Engel & Vlkers La Canada
Mls Name: Engel & Volkers
Mls ID: #P1-23230