345 Wisconsin Ave UNIT 207Long BeachCA90814
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 345 Wisconsin Ave UNIT 207, Long Beach, CA, 90814 offers a 7.84% rental yield on a $430,000 purchase with $2,809/mo rent. Total monthly income registers $2,809/mo, and a $2,105/mo payment leaves $149/mo available for distribution. Annual cash flow reaches $1,783/yr on $142,545 to close, and return on cash invested stands at 21.16% in year one. Equity gained on principal adds $2,775/yr while 5% annual appreciation supports $118,801 over five years. Portfolio math shows five-year ROI at 109.54% and total cumulative return in cash at $156,147. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,809/mo property income against a $2,105/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90814, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,273 (100%) |
| Owner Occupied HU | 2,910 (31.4%) |
| Renter Occupied HU | 5,845 (63.0%) |
| Vacant Housing Units | 518 ( 5.6%) |
| Median Home Value | $1,170,477 |
| Average Home Value | $1,249,337 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
4,560
Multi-Family
5,046
Businesses
287
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Kovich • Holly Kovich and Associates
Mls Name: CRMLS
Mls ID: #PW26006320