1030 E Ave S SPACE 31PalmdaleCA93550
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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 Palmdale at 1030 E Ave S SPACE 31, Palmdale, CA, 93550 uses $66,134 cash to close to unlock $3,964/yr annual cash flow and $330/mo monthly cash flow. Total monthly income runs $1,564/mo, and a $976/mo payment keeps the spread at $330/mo. Purchase price stands at $199,500, and rental yield measures 9.41% with $1,564/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 135.03% and total cumulative return in cash records $89,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,564/mo property income covering a $976/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93550, Palmdale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,509 (100%) |
| Owner Occupied HU | 12,705 (51.8%) |
| Renter Occupied HU | 10,969 (44.8%) |
| Vacant Housing Units | 835 ( 3.4%) |
| Median Home Value | $366,064 |
| Average Home Value | $444,424 |
Housing Distribution
Address Breakdown
Residential
23,372
Single Family
19,165
Multi-Family
4,207
Businesses
1,540
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Listed by: Tom Burns • Tom Burns Realty
Mls Name: GAVAR
Mls ID: #25008266