6072 Myrtle AveLong BeachCA90805
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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 6072 Myrtle Ave, Long Beach, CA, 90805 offers a 4.4% rental yield on a $735,000 purchase with $2,698/mo rent. 89% in year one. Equity gained on principal adds $4,743/yr while 5% annual appreciation supports $203,067 over five years. Portfolio math shows five-year ROI at 54.42% and total cumulative return in cash at $131,604. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,698/mo property income against a $3,597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
3,713 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90805, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,330 (100%) |
| Owner Occupied HU | 12,041 (42.5%) |
| Renter Occupied HU | 15,384 (54.3%) |
| Vacant Housing Units | 905 ( 3.2%) |
| Median Home Value | $656,362 |
| Average Home Value | $722,526 |
Housing Distribution
Address Breakdown
Residential
27,406
Single Family
19,421
Multi-Family
7,985
Businesses
1,436
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Listed by: Alan Wignall • First Team Real Estate
Mls Name: CRMLS
Mls ID: #PW25171119