555 Maine Ave UNIT 320Long 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
Rental property for sale in Long Beach at 555 Maine Ave UNIT 320, Long Beach, CA, 90802 offers $4,823/mo rent that, after a $2,714/mo payment, leaves $1,393/mo cash flow. Total monthly income is $4,823/mo, and annual cash flow is $16,713/yr on $182,431 cash. Return on cash invested measures 29.22% in year one, and rental yield stands at 10.44% at a $554,500 entry. Equity gained on principal adds $3,578/yr while 5% annual appreciation compounds into $153,198 by year five. Five-year ROI records 152.75% and total cumulative return in cash reaches $278,659. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,823/mo property income versus a $2,714/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1991
1.25 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: MARGARET CHAPPELL • COLEMAN REALTY GROUP
Mls Name: CRMLS
Mls ID: #IV25144585