120 W Rancho Del CerroRidgecrestCA93555
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 Ridgecrest at 120 W Rancho Del Cerro, Ridgecrest, CA, 93555 priced at $566,800 pairs $3,899/mo rent with $393/mo cash flow after a $2,774/mo payment. Total monthly income equals $3,899/mo, and annual cash flow comes to $4,715/yr on $186,477 invested. Return on cash invested is 22.59% in year one, and rental yield stands at 8.25% on a $566,800 basis. Equity gained on principal adds $3,657/yr, and 5% annual appreciation accumulates to $156,596 by year five. Five-year ROI measures 117.17% and total cumulative return in cash reaches $218,488. For financing, Ziffy Mortgage’s DSCR program evaluates $3,899/mo property income against a $2,774/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
0.51 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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Nearby investment properties with comparable prices
Listed by: Juan M. Alatorre • Wedgewood Homes Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202409795
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.