2838 E Mariquita St APT 10Long 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 2838 E Mariquita St APT 10, Long Beach, CA, 90803 generates $3,676/mo in rent and, after a $2,785/mo payment, leaves $156/mo in cash flow. Total monthly income is $3,676/mo, and annual cash flow is $1,872/yr on $187,201 invested. Return on cash invested sits at 21.06% in year one, and rental yield is 7.75% on a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 109.01% and total cumulative return in cash sums $204,059. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,676/mo property income rather than buyer’s personal income.
Condo
Built in 1963
7,501 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: Melissa Arevalo • Premier Wholesale Mortgage
Mls Name: CRMLS
Mls ID: #DW25157900