3512 McCray RdMountain MesaCA93240
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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
Rental property for sale in Mountain Mesa at 3512 McCray Rd, Mountain Mesa, CA, 93240 offers $3,690/mo rent that, after a $2,393/mo payment, leaves $595/mo cash flow. Total monthly income is $3,690/mo, and annual cash flow is $7,139/yr on $162,104 cash. Return on cash invested measures 24.31% in year one, and rental yield stands at 9.06% at a $489,000 entry. Equity gained on principal adds $3,155/yr while 5% annual appreciation compounds into $135,102 by year five. Five-year ROI records 126.63% and total cumulative return in cash reaches $205,270. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,690/mo property income versus a $2,393/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93240, Lake Isabella, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,491 (100%) |
| Owner Occupied HU | 1,747 (50.0%) |
| Renter Occupied HU | 938 (26.9%) |
| Vacant Housing Units | 806 (23.1%) |
| Median Home Value | $288,333 |
| Average Home Value | $344,131 |
Housing Distribution
Address Breakdown
Residential
2,293
Single Family
2,171
Multi-Family
122
Businesses
237
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Nearby investment properties with comparable prices
Listed by: Julie Jones • Miramar International - Lake Isabella
Mls Name: RAOR
Mls Provider:
Mls ID: #2606065
Disclaimer: Copyright Ridgecrest Area Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.