225 Washington WayRidgecrestCA93555
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
Investment Highlights
Investment property for sale in Ridgecrest at 225 Washington Way, Ridgecrest, CA, 93555 at $228,000 posts ROI 17.15% with from $1,237/mo rent. Total monthly income equals $1,237/mo. Return on cash invested measures 17.15% and rental yield reads 6.51% at the current $228,000. Equity gained on principal adds $1,471/yr, and 5% annual appreciation supports $62,992 by year five. Five-year ROI prints 88.07% and total cumulative return in cash totals $66,567. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,237/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1986
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Vass-Rodriguez • Ridgecrest Realty
Mls Name: RAOR
Mls ID: #2607296