1515 Ocean Beach Blvd NLong BeachWA98631
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 1515 Ocean Beach Blvd N, Long Beach, WA, 98631 at $206,800 posts ROI 35.56% with $894/mo cash flow from $2,137/mo rent. Total monthly income equals $2,137/mo, and annual cash flow records $10,729/yr on $68,554 to close. Return on cash invested measures 35.56% and rental yield reads 12.4% at the current $206,800. Equity gained on principal adds $1,334/yr, and 5% annual appreciation supports $57,135 by year five. Five-year ROI prints 186.59% and total cumulative return in cash totals $127,915.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,137/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98631, Long Beach, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,141 (100%) |
| Owner Occupied HU | 1,377 (43.8%) |
| Renter Occupied HU | 578 (18.4%) |
| Vacant Housing Units | 1,186 (37.8%) |
| Median Home Value | $378,245 |
| Average Home Value | $478,488 |
Housing Distribution
Address Breakdown
Residential
1,524
Single Family
1,407
Multi-Family
117
Businesses
201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A