7890 E Spring St UNIT 13ILong BeachCA90815
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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 7890 E Spring St UNIT 13I, Long Beach, CA, 90815 uses $132,269 cash to close to unlock $5,575/yr annual cash flow and $465/mo monthly cash flow. Total monthly income runs $2,933/mo, and a $1,953/mo payment keeps the spread at $465/mo. Purchase price stands at $399,000, and rental yield measures 8.82% with $2,933/mo rent. Return on cash invested shows 24.12% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 125.46% and total cumulative return in cash records $165,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,933/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1974
11.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90815, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,315 (100%) |
| Owner Occupied HU | 9,875 (64.5%) |
| Renter Occupied HU | 4,803 (31.4%) |
| Vacant Housing Units | 637 ( 4.2%) |
| Median Home Value | $906,570 |
| Average Home Value | $984,967 |
Housing Distribution
Address Breakdown
Residential
15,529
Single Family
12,222
Multi-Family
3,307
Businesses
895
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Listed by: Vanessa Gadea • Real Broker
Mls Name: CRMLS
Mls ID: #PW25159564