218 Washington WayRidgecrestCA93555
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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
Rental property for sale in Ridgecrest at 218 Washington Way, Ridgecrest, CA, 93555 offers $1,663/mo rent that, after a $1,292/mo payment. Total monthly income is $1,663/mo. Return on cash invested measures 16.76% in year one, and rental yield stands at 7.56% at a $263,900 entry. Equity gained on principal adds $1,703/yr while 5% annual appreciation compounds into $72,911 by year five. Five-year ROI records 87.26% and total cumulative return in cash reaches $76,338. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,663/mo property income versus a $1,292/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
4,791 sqft lot
$N/A/sqft
$154 month 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: Carole A. Vaughn • Vaughn Realty
Mls Name: RAOR
Mls Provider:
Mls ID: #2606859
Disclaimer: Copyright Ridgecrest Area Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.