3511 Elm Ave UNIT 212Long BeachCA90807
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 3511 Elm Ave UNIT 212, Long Beach, CA, 90807 listed at $349,000 pairs $2,501/mo rent with a $1,708/mo payment to leave $342/mo cash flow. Total monthly income runs $2,501/mo, and annual cash flow reaches $4,106/yr on $115,694 cash to close. Return on cash invested measures 23.46% in year one, and rental yield registers 8.6% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 121.9% and total cumulative return in cash totals $141,036. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,501/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90807, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,872 (100%) |
| Owner Occupied HU | 6,745 (52.4%) |
| Renter Occupied HU | 5,615 (43.6%) |
| Vacant Housing Units | 512 ( 4.0%) |
| Median Home Value | $905,616 |
| Average Home Value | $1,003,483 |
Housing Distribution
Address Breakdown
Residential
12,697
Single Family
8,208
Multi-Family
4,489
Businesses
1,415
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TRAVIS JACKSON • WERE Real Estate
Mls Name: CRMLS
Mls ID: #PW25153878