309 N Norma StRidgecrestCA93555
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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 309 N Norma St, Ridgecrest, CA, 93555 with 5% annual appreciation on a $192,000 basis while $2,677/mo rent supports operations. Total monthly income totals $2,677/mo and a $940/mo payment preserves $1,387/mo for cash returns. Annual cash flow comes to $16,641/yr on $63,648 deployed, and return on cash invested reaches 46.05% in year one. Equity gained on principal adds $1,239/yr, and five-year appreciation sums $53,046 alongside rental yield of 16.73%. Five-year ROI measures 243.77% and total cumulative return in cash totals $155,152.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,677/mo property income versus a $940/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
9,583 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: Clint Freeman • RidgecrestCaHomes
Mls Name: RAOR
Mls Provider:
Mls ID: #2605635
Disclaimer: Copyright Ridgecrest Area Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.