509 E 21st StLong BeachCA90806
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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
Investment property for sale in Long Beach at 509 E 21st St, Long Beach, CA, 90806 listed at $598,000 pairs $3,395/mo rent with a $2,927/mo payment. Total monthly income runs $3,395/mo. Return on cash invested measures 18.2% in year one, and rental yield registers 6.81% at a $598,000 basis. Equity gained on principal adds $3,859/yr, and annual property appreciation at 5% supports $165,216 by year five. Five-year ROI tracks 93.67% and total cumulative return in cash totals $184,280. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,395/mo property income relative to a $2,927/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1929
4,812 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90806, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,012 (100%) |
| Owner Occupied HU | 4,448 (34.2%) |
| Renter Occupied HU | 8,131 (62.5%) |
| Vacant Housing Units | 433 ( 3.3%) |
| Median Home Value | $747,565 |
| Average Home Value | $815,893 |
Housing Distribution
Address Breakdown
Residential
13,094
Single Family
8,271
Multi-Family
4,823
Businesses
1,262
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Listed by: Kendra Miller • Keller Williams Coastal Prop.
Mls Name: CRMLS
Mls ID: #PW25196599