15935 Melva StMojaveCA93501
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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 Mojave at 15935 Melva St, Mojave, CA, 93501 offers a 11.81% rental yield on a $292,000 purchase with $2,873/mo rent. Total monthly income registers $2,873/mo, and a $1,429/mo payment leaves $1,067/mo available for distribution. Annual cash flow reaches $12,802/yr on $96,798 to close, and return on cash invested stands at 33.13% in year one. Equity gained on principal adds $1,884/yr while 5% annual appreciation supports $80,674 over five years. Portfolio math shows five-year ROI at 173.76% and total cumulative return in cash at $168,200. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,873/mo property income against a $1,429/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93501, Mojave, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,459 (100%) |
| Owner Occupied HU | 1,003 (40.8%) |
| Renter Occupied HU | 1,091 (44.4%) |
| Vacant Housing Units | 365 (14.8%) |
| Median Home Value | $270,270 |
| Average Home Value | $383,186 |
Housing Distribution
Address Breakdown
Residential
2,374
Single Family
2,323
Multi-Family
51
Businesses
226
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Listed by: Promise A Roberts • Century 21 Doug Anderson
Mls Name: GAVAR
Mls ID: #25006360