Plan 2 - The Myrtle Plan, Bixby WalkLong BeachCA90807
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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
Total monthly income registers $7,151/mo, and a $4,371/mo payment leaves $1,147/mo available for distribution. Annual cash flow reaches $13,759/yr on $293,794 to close, and return on cash invested stands at 24.74% in year one. Equity gained on principal adds $5,762/yr while 5% annual appreciation supports $246,717 over five years. Portfolio math shows five-year ROI at 129.44% and total cumulative return in cash at $380,275. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,151/mo property income against a $4,371/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$480 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90807, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,872 (100%) |
| Owner Occupied HU | 6,745 (52.4%) |
| Renter Occupied HU | 5,615 (43.6%) |
| Vacant Housing Units | 512 ( 4.0%) |
| Median Home Value | $905,616 |
| Average Home Value | $1,003,483 |
Housing Distribution
Address Breakdown
Residential
12,697
Single Family
8,208
Multi-Family
4,489
Businesses
1,415
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Listed by: N/A • The Olson Company
Mls Name: The Olson Company
Mls Provider:
Mls ID: #N/A