247 Perdew Ave, Ridgecrest, CA, 93555 | $1,344/mo Cash Flow

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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

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Investment Highlights

Rental property for sale in Ridgecrest at 247 Perdew Ave, Ridgecrest, CA, 93555 priced at $229,999 pairs $2,767/mo rent with $1,344/mo cash flow after a $1,126/mo payment. Total monthly income equals $2,767/mo, and annual cash flow comes to $16,127/yr on $76,245 invested. Return on cash invested is 41.06% in year one, and rental yield stands at 14.44% on a $229,999 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,544 by year five. Five-year ROI measures 216.26% and total cumulative return in cash reaches $164,886. For financing, Ziffy Mortgage’s DSCR program evaluates $2,767/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1961

7,405 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