1621 Sims StRidgecrestCA93555
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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 Ridgecrest at 1621 Sims St, Ridgecrest, CA, 93555 listed at $157,000 pairs $1,291/mo rent with a $768/mo payment to leave $320/mo cash flow. Total monthly income runs $1,291/mo, and annual cash flow reaches $3,842/yr on $52,046 cash to close. Return on cash invested measures 27.29% in year one, and rental yield registers 9.87% at a $157,000 basis. Equity gained on principal adds $1,013/yr, and annual property appreciation at 5% supports $43,376 by year five. Five-year ROI tracks 142.48% and total cumulative return in cash totals $74,156. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,291/mo property income relative to a $768/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
6,534 sqft 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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Listed by: Fong Tidwell • Coldwell Banker Frontier
Mls Name: Southern Sierra
Mls ID: #2607901