1400 E Menlo Ave SPACE 87HemetCA92544
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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 Hemet at 1400 E Menlo Ave SPACE 87, Hemet, CA, 92544 offers a 9.19% rental yield on a $129,000 purchase with $988/mo rent. Total monthly income registers $988/mo, and a $631/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,284/yr on $42,764 to close, and return on cash invested stands at 25.25% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 131.55% and total cumulative return in cash at $56,257. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $988/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92544, Hemet, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,961 (100%) |
| Owner Occupied HU | 10,679 (63.0%) |
| Renter Occupied HU | 5,252 (31.0%) |
| Vacant Housing Units | 1,030 ( 6.1%) |
| Median Home Value | $483,368 |
| Average Home Value | $527,680 |
Housing Distribution
Address Breakdown
Residential
16,610
Single Family
15,720
Multi-Family
890
Businesses
489
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Listed by: LAURA VAZQUEZ • KELLER WILLIAMS RIVERSIDE CENT
Mls Name: CRMLS
Mls ID: #IV26000632