976 N Loma Vista Dr, Long Beach, CA, 90813 | 4.92% Rental Yield

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976 N Loma Vista Dr, Long Beach, CA, 90813 | 4.92% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Long Beach at 976 N Loma Vista Dr, Long Beach, CA, 90813 generates $3,101/mo in rent, after a $3,700/mo payment. Total monthly income is $3,101/mo. Return on cash invested sits at 12.46% in year one, and rental yield is 4.92% on a $756,000 entry. Equity gained on principal adds $4,878/yr, while 5% annual appreciation builds toward $208,869 over five years. Five-year ROI reaches 62.86% and total cumulative return in cash sums $156,341. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,101/mo property income rather than buyer’s personal income.

Single Family

Built in 1903

7,397 sqft lot

$N/A/sqft

No HOA

More details about the property

Minutes to the coastline! Super cute, fun and hip bungalow in mint condition! Spacious floor plan with living room, family room/dining room and a huge deck off the back. The home lends itself to a great space to host gatherings with greenbelt views from the front and back. Recent upgrades include: Roof, Central Heat, flooring, paint, plumbing, newer deck, wood treatments, porch area, electrical panel, sewer line and irrigation system. The lush grounds are beautifully maintained with mature trees and planter boxes, creating a peaceful outdoor retreat. Drive to the back with tons of parking and an oversized garage and workshop. Truly a must see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 90813, Long Beach, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,301 (100%)
Owner Occupied HU	2,253 (12.3%)
Renter Occupied HU	15,089 (82.4%)
Vacant Housing Units	959 ( 5.2%)
Median Home Value	$671,613
Average Home Value	$711,246