1942 Old Steel WayHemetCA92545
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1942 Old Steel Way, Hemet, CA, 92545 in Hemet earns its strong cash-flow label: 12.51% yield, $5,263/mo rent, $2,060/mo net income, DSCR 2.32. The $505,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $139,522 by year five. Combined with $4,651/yr in principal paydown, total projected return reaches $324,373.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 5.8% |
| Monthly Cash Flow | $2,060 | $420 |
City averages based on Hemet market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,263 |
| Total Monthly Debt Service | $3,002 |
| DSCR Ratio | 1.75x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
$79 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92545, Hemet, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,986 (100%) |
| Owner Occupied HU | 12,115 (63.8%) |
| Renter Occupied HU | 5,362 (28.2%) |
| Vacant Housing Units | 1,509 ( 7.9%) |
| Median Home Value | $416,623 |
| Average Home Value | $440,407 |
Housing Distribution
Address Breakdown
Residential
17,576
Single Family
16,226
Multi-Family
1,350
Businesses
510
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
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
$79 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92545, Hemet, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,986 (100%) |
| Owner Occupied HU | 12,115 (63.8%) |
| Renter Occupied HU | 5,362 (28.2%) |
| Vacant Housing Units | 1,509 ( 7.9%) |
| Median Home Value | $416,623 |
| Average Home Value | $440,407 |
Housing Distribution
Address Breakdown
Residential
17,576
Single Family
16,226
Multi-Family
1,350
Businesses
510
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices