1012 W Langley AveRidgecrestCA93555
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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 Ridgecrest at 1012 W Langley Ave, Ridgecrest, CA, 93555 earns $541/mo cash flow from $2,366/mo rent with a $1,444/mo payment. Total monthly income totals $2,366/mo, and annual cash flow totals $6,491/yr on $97,793 capital. ROI tracks 26.55% on current figures, and rental yield reads 9.62% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 138.43% and total cumulative return in cash sums $135,374. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,366/mo property income instead of your personal income.
Single Family
Built in 1958
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93555, Ridgecrest, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,123 (100%) |
| Owner Occupied HU | 8,784 (58.1%) |
| Renter Occupied HU | 4,725 (31.2%) |
| Vacant Housing Units | 1,614 (10.7%) |
| Median Home Value | $325,192 |
| Average Home Value | $365,095 |
Housing Distribution
Address Breakdown
Residential
13,933
Single Family
13,546
Multi-Family
387
Businesses
756
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Listed by: Rachel Bennett • Coldwell Banker Frontier
Mls Name: RAOR
Mls ID: #2607617