5585 E Pacific Coast Hwy UNIT 305Long BeachCA90804
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 5585 E Pacific Coast Hwy UNIT 305, Long Beach, CA, 90804 in Long Beach at $298,000 earns $2,256/mo in rent and nets $19/mo after the $1,340/mo payment, a 9.08% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $82,332 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $2,745/yr in principal paydown, total projected return reaches $115,951.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $19 | $1,800 |
City averages based on Long Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,256 |
| Total Monthly Debt Service | $2,118 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1970
3.39 Acres lot
$N/A/sqft
$378 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90804, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,850 (100%) |
| Owner Occupied HU | 3,067 (19.4%) |
| Renter Occupied HU | 12,011 (75.8%) |
| Vacant Housing Units | 772 ( 4.9%) |
| Median Home Value | $796,806 |
| Average Home Value | $838,697 |
Housing Distribution
Address Breakdown
Residential
15,570
Single Family
6,201
Multi-Family
9,369
Businesses
1,143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1970
3.39 Acres lot
$N/A/sqft
$378 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90804, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,850 (100%) |
| Owner Occupied HU | 3,067 (19.4%) |
| Renter Occupied HU | 12,011 (75.8%) |
| Vacant Housing Units | 772 ( 4.9%) |
| Median Home Value | $796,806 |
| Average Home Value | $838,697 |
Housing Distribution
Address Breakdown
Residential
15,570
Single Family
6,201
Multi-Family
9,369
Businesses
1,143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices