1507 David RdNeedlesCA92363
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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 Needles at 1507 David Rd, Needles, CA, 92363 offers a 8.48% rental yield on a $385,000 purchase with $2,722/mo rent. Total monthly income registers $2,722/mo, and a $1,884/mo payment leaves $341/mo available for distribution. Annual cash flow reaches $4,088/yr on $127,628 to close, and return on cash invested stands at 23.11% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 120.02% and total cumulative return in cash at $153,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,722/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
3.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92363, Needles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,839 (100%) |
| Owner Occupied HU | 1,238 (32.2%) |
| Renter Occupied HU | 1,128 (29.4%) |
| Vacant Housing Units | 1,473 (38.4%) |
| Median Home Value | $136,389 |
| Average Home Value | $189,269 |
Housing Distribution
Address Breakdown
Residential
2,109
Single Family
1,769
Multi-Family
340
Businesses
274
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Listed by: Kimberli Willis • River Sisters Realty
Mls Name: CRMLS
Mls ID: #JT25264167