40054 Ridgemist StPalmdaleCA93591
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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
Rental property for sale in Palmdale at 40054 Ridgemist St, Palmdale, CA, 93591 generates $3,256/mo in rent and, after a $2,080/mo payment, leaves $627/mo in cash flow. Total monthly income is $3,256/mo, and annual cash flow is $7,526/yr on $140,854 invested. Return on cash invested sits at 25.25% in year one, and rental yield is 9.2% on a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 131.51% and total cumulative return in cash sums $185,241. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,256/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93591, Palmdale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,203 (100%) |
| Owner Occupied HU | 1,537 (69.8%) |
| Renter Occupied HU | 571 (25.9%) |
| Vacant Housing Units | 95 ( 4.3%) |
| Median Home Value | $269,969 |
| Average Home Value | $498,969 |
Housing Distribution
Address Breakdown
Residential
2,122
Single Family
2,122
Multi-Family
0
Businesses
53
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Listed by: Steve Becker • Steve Becker, Broker
Mls Name: GAVAR
Mls ID: #26000144