505 Panama AveLong BeachCA90814
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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 505 Panama Ave, Long Beach, CA, 90814 priced at $1,625,000 converts $6,155/mo rent into after a $7,954/mo obligation. Total monthly income equals $6,155/mo. Return on cash invested prints 11.49% in year one, and rental yield reads 4.55% against a $1,625,000 entry. Equity gained on principal adds $10,486/yr, while 5% annual appreciation compiles into $448,958 by year five. Five-year ROI reaches 57.57% and total cumulative return in cash sums $303,124. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,155/mo property income covering a $7,954/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,407 sqft 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
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Listed by: Sarina Amersi • Element RE, Inc
Mls Name: CLAW
Mls ID: #25622159