2616 Foreman 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
Investment property for sale in Long Beach at 2616 Foreman Ave, Long Beach, CA, 90815 earns from $4,603/mo rent with a $4,792/mo payment. Total monthly income totals $4,603/mo. ROI tracks 14.64% on current figures, and rental yield reads 5.64% at a $979,000 purchase. Equity gained on principal adds $6,317/yr, and 5% annual appreciation supports $270,480 over five years. Five-year ROI reaches 74.58% and total cumulative return in cash sums $240,202. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,603/mo property income instead of your personal income.
Single Family
Built in 1954
8,213 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1954
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Concrete, Covered, Direct Access, Driveway, Driveway Up Slope From Street, Garage Faces Front, Garage, Garage Door Opener, Heated Garage, On Site, Oversized
Location
- City: Long Beach
- State: CA
- Subdivision: N/A
- Lot Size: 8,213 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Jonathan Minerick • Homecoin.com
Mls Name: CRMLS
Mls ID: #TR25261674