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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Long Beach at 3101 E 2nd St UNIT 2A, Long Beach, CA, 90803 generates $3,762/mo in rent and, after a $2,932/mo payment, leaves $56/mo in cash flow. Total monthly income is $3,762/mo, and annual cash flow is $675/yr on $197,071 invested. Return on cash invested sits at 20.4% in year one, and rental yield is 7.54% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 105.47% and total cumulative return in cash sums $207,850. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,762/mo property income rather than buyer’s personal income.
Condo
Built in 1963
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90803, Long Beach, CA area.
| 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 |
Residential
18,056
Single Family
10,507
Multi-Family
7,549
Businesses
1,045
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Judy Pierce • Keller Williams Coastal Prop.
Mls Name: CRMLS
Mls ID: #PW25176433
