2310 Elm 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 2310 Elm Ave, Long Beach, CA, 90806 generates $4,241/mo in rent, after a $5,384/mo payment. Total monthly income is $4,241/mo. Return on cash invested sits at 11.74% in year one, and rental yield is 4.63% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 58.93% and total cumulative return in cash sums $210,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,241/mo property income rather than buyer’s personal income.
Multi Family
Built in 1921
5,386 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: William Mulkey • TR Wealth Management Inc.
Mls Name: CRMLS
Mls ID: #SB25242845