322 Reese StRidgecrestCA93555
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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 322 Reese St, Ridgecrest, CA, 93555 at $254,900 posts ROI 25.7% with $408/mo cash flow from $1,985/mo rent. Total monthly income equals $1,985/mo, and annual cash flow records $4,893/yr on $84,499 to close. Return on cash invested measures 25.7% and rental yield reads 9.34% at the current $254,900. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,424 by year five. Five-year ROI prints 133.89% and total cumulative return in cash totals $113,136.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,985/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
5,662 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 ID: #2607448