424 W Latham AveHemetCA92543
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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 Hemet at 424 W Latham Ave, Hemet, CA, 92543 offers $2,214/mo rent that, after a $1,640/mo payment, leaves $141/mo cash flow. Total monthly income is $2,214/mo, and annual cash flow is $1,695/yr on $111,053 cash. Return on cash invested measures 21.44% in year one, and rental yield stands at 7.93% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 111.06% and total cumulative return in cash reaches $123,332. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,214/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92543, Hemet, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,719 (100%) |
| Owner Occupied HU | 7,942 (50.5%) |
| Renter Occupied HU | 6,790 (43.2%) |
| Vacant Housing Units | 987 ( 6.3%) |
| Median Home Value | $255,843 |
| Average Home Value | $384,346 |
Housing Distribution
Address Breakdown
Residential
15,215
Single Family
12,657
Multi-Family
2,558
Businesses
904
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Listed by: DAN TOVAR • LEGACY HOMES REAL ESTATE
Mls Name: CRMLS
Mls ID: #IV25231297