445 W 6th St UNIT 409Long BeachCA90802
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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
Total monthly income runs $3,158/mo, and a $2,567/mo payment. Purchase price stands at $524,500, and rental yield measures 7.23% with $3,158/mo rent. Return on cash invested shows 19.46% in year one, and 5% annual appreciation builds toward $144,910 over five years. Five-year ROI reaches 100.4% and total cumulative return in cash records $173,252. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,158/mo property income covering a $2,567/mo payment rather than investor’s personal income.
Condo
Built in 1988
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,306 (100%) |
| Owner Occupied HU | 4,625 (17.6%) |
| Renter Occupied HU | 19,014 (72.3%) |
| Vacant Housing Units | 2,667 (10.1%) |
| Median Home Value | $758,455 |
| Average Home Value | $819,112 |
Housing Distribution
Address Breakdown
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
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Listed by: John Corrales • Vista Sothebys International Realty
Mls Name: CRMLS
Mls ID: #SB25183168