2306 Snowden AveLong BeachCA90815
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
Rental property for sale in Long Beach at 2306 Snowden Ave, Long Beach, CA, 90815 priced at $454,354 converts $5,605/mo rent into $2,571/mo cash flow after a $2,224/mo obligation. Total monthly income equals $5,605/mo, and annual cash flow totals $30,853/yr on $150,618 invested. Return on cash invested prints 40.39% in year one, and rental yield reads 14.8% against a $454,354 entry. Equity gained on principal adds $2,932/yr, while 5% annual appreciation compiles into $125,530 by year five. Five-year ROI reaches 213.35% and total cumulative return in cash sums $321,341. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,605/mo property income covering a $2,224/mo payment, not borrower’s personal income.
Single Family
Built in 1953
6,098 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
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