1057 Strecker StRidgecrestCA93555
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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 1057 Strecker St, Ridgecrest, CA, 93555 with 5% annual appreciation on a $259,000 basis while $1,649/mo rent supports operations. Total monthly income totals $1,649/mo and a $1,268/mo payment preserves $46/mo for cash returns. Annual cash flow comes to $557/yr on $85,859 deployed, and return on cash invested reaches 20.56% in year one. Equity gained on principal adds $1,671/yr, and five-year appreciation sums $71,557 alongside rental yield of 7.64%. Five-year ROI measures 106.34% and total cumulative return in cash totals $91,300.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,649/mo property income versus a $1,268/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1993
1.07 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: Kathleen L. Blurton • Vaughn Realty
Mls Name: RAOR
Mls Provider:
Mls ID: #2607037
Disclaimer: Copyright Ridgecrest Area Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.