7890 E Spring St UNIT 21-ILong 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 21-I, Long Beach, CA, 90815 offers a 7.77% rental yield on a $459,000 purchase with $2,972/mo rent. Total monthly income registers $2,972/mo, and a $2,247/mo payment leaves $132/mo available for distribution. Annual cash flow reaches $1,585/yr on $152,159 to close, and return on cash invested stands at 20.95% in year one. Equity gained on principal adds $2,962/yr while 5% annual appreciation supports $126,813 over five years. Portfolio math shows five-year ROI at 108.45% and total cumulative return in cash at $165,011. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,972/mo property income against a $2,247/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
11.96 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: Roberta Soares • First Team Real Estate
Mls Name: CRMLS
Mls ID: #OC25154175