401 W Shenandoah AveRidgecrestCA93555
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
Rental property for sale in Ridgecrest at 401 W Shenandoah Ave, Ridgecrest, CA, 93555 generates $3,478/mo in rent and, after a $2,300/mo payment, leaves $571/mo in cash flow. Total monthly income is $3,478/mo, and annual cash flow is $6,852/yr on $155,772 invested. Return on cash invested sits at 24.31% in year one, and rental yield is 8.88% on a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 126.46% and total cumulative return in cash sums $196,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,478/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
10,454 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carole A. Vaughn • Vaughn Realty
Mls Name: Southern Sierra
Mls ID: #2607646