404 W Vanessa AveRidgecrestCA93555
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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
Investment property for sale in Ridgecrest at 404 W Vanessa Ave, Ridgecrest, CA, 93555 earns from $2,962/mo rent with a $2,442/mo payment. Total monthly income totals $2,962/mo. ROI tracks 19.01% on current figures, and rental yield reads 7.12% at a $498,900 purchase. Equity gained on principal adds $3,219/yr, and 5% annual appreciation supports $137,837 over five years. Five-year ROI reaches 98% and total cumulative return in cash sums $162,082. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,962/mo property income instead of your personal income.
Single Family
Built in 1990
10,018 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: Becca O'Donnell • Realty 178
Mls Name: RAOR
Mls ID: #2607503