321 Thomas 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 321 Thomas St, Ridgecrest, CA, 93555 uses $139,197 cash to close to unlock $152/yr annual cash flow and $13/mo monthly cash flow. Total monthly income runs $2,610/mo, and a $2,055/mo payment keeps the spread at $13/mo. Purchase price stands at $419,900, and rental yield measures 7.46% with $2,610/mo rent. Return on cash invested shows 20.02% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 103.42% and total cumulative return in cash records $143,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,610/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 2022
7,841 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: Aldo Baltodano • Greenpoint Real Estate Services
Mls Name: CRMLS
Mls ID: #DW25246448