252 Corona AveLong BeachCA90803
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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 252 Corona Ave, Long Beach, CA, 90803 priced at $1,490,000 converts $4,498/mo rent into after a $7,293/mo obligation. Total monthly income equals $4,498/mo. Return on cash invested prints 8.64% in year one, and rental yield reads 3.62% against a $1,490,000 entry. Equity gained on principal adds $9,615/yr, while 5% annual appreciation compiles into $411,660 by year five. Five-year ROI reaches 42.3% and total cumulative return in cash sums $204,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,498/mo property income covering a $7,293/mo payment, not borrower’s personal income.
Single Family
Built in 1925
2,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90803, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,079 (100%) |
| Owner Occupied HU | 7,604 (39.9%) |
| Renter Occupied HU | 10,009 (52.5%) |
| Vacant Housing Units | 1,466 ( 7.7%) |
| Median Home Value | $1,280,276 |
| Average Home Value | $1,353,167 |
Housing Distribution
Address Breakdown
Residential
18,056
Single Family
10,507
Multi-Family
7,549
Businesses
1,045
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Listed by: Maria Valencia • Think Boutiq Real Estate
Mls Name: CRMLS
Mls ID: #OC25193592