405 E Esther StLong BeachCA90813
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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 405 E Esther St, Long Beach, CA, 90813 priced at $1,925,000 pairs $2,794/mo rent with after a $9,422/mo payment. Total monthly income equals $2,794/mo. Return on cash invested is 2.83% in year one, and rental yield stands at 1.74% on a $1,925,000 basis. Equity gained on principal adds $12,422/yr, and 5% annual appreciation accumulates to $531,842 by year five. Five-year ROI measures 11.17% and total cumulative return in cash reaches $69,688. For financing, Ziffy Mortgage’s DSCR program evaluates $2,794/mo property income against a $9,422/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1923
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90813, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,301 (100%) |
| Owner Occupied HU | 2,253 (12.3%) |
| Renter Occupied HU | 15,089 (82.4%) |
| Vacant Housing Units | 959 ( 5.2%) |
| Median Home Value | $671,613 |
| Average Home Value | $711,246 |
Housing Distribution
Address Breakdown
Residential
18,765
Single Family
8,305
Multi-Family
10,460
Businesses
1,622
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Listed by: Douglas Steinriede • Dover Management Corp.
Mls Name: CLAW
Mls ID: #25630311