2247 Myrtle AveLong BeachCA90806
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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 2247 Myrtle Ave, Long Beach, CA, 90806 generates $2,602/mo in rent, after a $6,461/mo payment. Total monthly income is $2,602/mo. Return on cash invested sits at 4.76% in year one, and rental yield is 2.37% on a $1,320,000 entry. Equity gained on principal adds $8,518/yr, while 5% annual appreciation builds toward $364,692 over five years. Five-year ROI reaches 21.49% and total cumulative return in cash sums $91,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,602/mo property income rather than buyer’s personal income.
Multi Family
Built in 1923
5,131 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90806, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,012 (100%) |
| Owner Occupied HU | 4,448 (34.2%) |
| Renter Occupied HU | 8,131 (62.5%) |
| Vacant Housing Units | 433 ( 3.3%) |
| Median Home Value | $747,565 |
| Average Home Value | $815,893 |
Housing Distribution
Address Breakdown
Residential
13,094
Single Family
8,271
Multi-Family
4,823
Businesses
1,262
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Listed by: Christopher Van Vuuren • Lyon Stahl Investment Real Estate, Inc.
Mls Name: CRMLS
Mls ID: #SB25149576