37401 Richmond StPalmdaleCA93552
Nearby investment properties with comparable rents
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 Palmdale at 37401 Richmond St, Palmdale, CA, 93552 offers a 8.59% rental yield on a $525,000 purchase with $3,758/mo rent. Total monthly income registers $3,758/mo, and a $2,570/mo payment leaves $510/mo available for distribution. Annual cash flow reaches $6,118/yr on $172,725 to close, and return on cash invested stands at 23.6% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 122.61% and total cumulative return in cash at $211,785. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,758/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
10,698 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93552, Palmdale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,196 (100%) |
| Owner Occupied HU | 8,450 (75.5%) |
| Renter Occupied HU | 2,511 (22.4%) |
| Vacant Housing Units | 235 ( 2.1%) |
| Median Home Value | $429,971 |
| Average Home Value | $572,530 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,960
Multi-Family
0
Businesses
153
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sergio Iturrios • RISE Real Estate Group
Mls Name: CRMLS
Mls ID: #DW25272606