2306 Carfax AveLong BeachCA90815
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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 2306 Carfax Ave, Long Beach, CA, 90815 generates $3,906/mo in rent, after a $5,237/mo payment. Total monthly income is $3,906/mo. Return on cash invested sits at 10.98% in year one, and rental yield is 4.38% on a $1,070,000 entry. Equity gained on principal adds $6,905/yr, while 5% annual appreciation builds toward $295,621 over five years. Five-year ROI reaches 54.85% and total cumulative return in cash sums $190,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,906/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
6,543 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90815, Long Beach, CA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,529
Single Family
12,222
Multi-Family
3,307
Businesses
895
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Listed by: Russell Morgan • HomeWay
Mls Name: CRMLS
Mls ID: #PW25278521