301 S Richmond RdRidgecrestCA93555
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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 301 S Richmond Rd, Ridgecrest, CA, 93555 earns $230/mo cash flow from $1,412/mo rent with a $734/mo payment. Total monthly income totals $1,412/mo, and annual cash flow totals $2,755/yr on $49,692 capital. ROI tracks 25.45% on current figures, and rental yield reads 11.3% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 134.84% and total cumulative return in cash sums $67,007. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,412/mo property income instead of your personal income.
Multi Family
Built in 1983
6,098 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: Craig S. Stevens • Coldwell Banker Frontier
Mls Name: RAOR
Mls Provider:
Mls ID: #2606854
Disclaimer: Copyright Ridgecrest Area Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.