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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% |
Investment property for sale in Long Beach at 2247 Josie Ave, Long Beach, CA, 90815 uses $329,000 cash to close to unlock $19,396/yr annual cash flow and $1,616/mo monthly cash flow. Total monthly income runs $7,802/mo, and a $4,895/mo payment keeps the spread at $1,616/mo. Purchase price stands at $999,999, and rental yield measures 9.36% with $7,802/mo rent. Return on cash invested shows 25.96% in year one, and 5% annual appreciation builds toward $276,281 over five years. Five-year ROI reaches 135.23% and total cumulative return in cash records $444,915. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,802/mo property income covering a $4,895/mo payment rather than investor’s personal income.
Single Family
Built in 1952
5,430 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90815, Long Beach, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,315 (100%) |
| Owner Occupied HU | 9,875 (64.5%) |
| Renter Occupied HU | 4,803 (31.4%) |
| Vacant Housing Units | 637 ( 4.2%) |
| Median Home Value | $906,570 |
| Average Home Value | $984,967 |
Residential
15,529
Single Family
12,222
Multi-Family
3,307
Businesses
895
Date | Event | Price |
|---|---|---|
| 2024-08-15 | Listed for sale | $999,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-27 | $2056.47 | 5.76% | $137,620 | 2.00% |
| 2022-08-27 | $1944.43 | 2.22% | $134,923 | 2.00% |
| 2021-08-27 | $1902.28 | 0.42% | $132,278 | 1.04% |
Listed by: Thomas Rehak • HomeSmart, Evergreen Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #OC24166297
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
