721 E 59th StLong BeachCA90805
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
Investment Highlights
Rental property for sale in Long Beach at 721 E 59th St, Long Beach, CA, 90805 generates $3,631/mo in rent, after a $3,915/mo payment. Total monthly income is $3,631/mo. Return on cash invested sits at 14.05% in year one, and rental yield is 5.45% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 71.41% and total cumulative return in cash sums $187,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,631/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
3,472 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Borbon • Century 21 Allstars
Mls Name: CRMLS
Mls ID: #DW25253965