271 Prospect 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
Investment property for sale in Long Beach at 271 Prospect Ave, Long Beach, CA, 90803 with 5% annual appreciation on a $1,699,000 basis while $5,944/mo rent supports operations. 42% in year one. Equity gained on principal adds $10,963/yr, and five-year appreciation sums $469,402 alongside rental yield of 4.2%. Five-year ROI measures 51.83% and total cumulative return in cash totals $285,305. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,944/mo property income versus a $8,316/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
3,170 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: Justin Sidell • Dream Life Real Estate
Mls Name: CRMLS
Mls ID: #RS25193168