1016 Las Cruces AveRidgecrestCA93555
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Nearby investment properties with comparable prices
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 1016 Las Cruces Ave, Ridgecrest, CA, 93555 listed at $270,000 pairs $2,027/mo rent with a $1,322/mo payment to leave $356/mo cash flow. Total monthly income runs $2,027/mo, and annual cash flow reaches $4,275/yr on $89,505 cash to close. Return on cash invested measures 24.69% in year one, and rental yield registers 9.01% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 128.48% and total cumulative return in cash totals $114,997. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,027/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
8,712 sqft 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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Nearby investment properties with comparable prices
Listed by: Michael R Still • Keller Williams Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202508723
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.