119 Spruce DrKernvilleCA93238
Nearby investment properties with comparable rents
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
Rental property for sale in Kernville at 119 Spruce Dr, Kernville, CA, 93238 generates $4,487/mo in rent and, after a $1,831/mo payment, leaves $2,158/mo in cash flow. Total monthly income is $4,487/mo, and annual cash flow is $25,892/yr on $123,981 invested. Return on cash invested sits at 40.79% in year one, and rental yield is 14.4% on a $374,000 entry. Equity gained on principal adds $2,413/yr, while 5% annual appreciation builds toward $103,329 over five years. Five-year ROI reaches 214.89% and total cumulative return in cash sums $266,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,487/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93238, Kernville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 547 (50.7%) |
| Renter Occupied HU | 181 (16.8%) |
| Vacant Housing Units | 351 (32.5%) |
| Median Home Value | $548,759 |
| Average Home Value | $778,135 |
Housing Distribution
Address Breakdown
Residential
153
Single Family
153
Multi-Family
0
Businesses
103
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Nearby investment properties with comparable prices
Listed by: Beth Ubil • Rita D'Angelo Real Estate
Mls Name: RAOR
Mls Provider:
Mls ID: #2605491
Disclaimer: Copyright Ridgecrest Area Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.