5001 W Florida Ave #62HemetCA92545
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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 Hemet at 5001 W Florida Ave #62, Hemet, CA, 92545 offers a 9.96% rental yield on a $181,500 purchase with $1,506/mo rent. Total monthly income registers $1,506/mo, and a $888/mo payment leaves $384/mo available for distribution. Annual cash flow reaches $4,603/yr on $60,167 to close, and return on cash invested stands at 27.56% in year one. Equity gained on principal adds $1,171/yr while 5% annual appreciation supports $50,145 over five years. Portfolio math shows five-year ROI at 143.89% and total cumulative return in cash at $86,576. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,506/mo property income against a $888/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
3,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92545, Hemet, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,986 (100%) |
| Owner Occupied HU | 12,115 (63.8%) |
| Renter Occupied HU | 5,362 (28.2%) |
| Vacant Housing Units | 1,509 ( 7.9%) |
| Median Home Value | $416,623 |
| Average Home Value | $440,407 |
Housing Distribution
Address Breakdown
Residential
17,576
Single Family
16,226
Multi-Family
1,350
Businesses
510
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Listed by: Aaron Okola • Galaxy Homes
Mls Name: My State MLS
Mls ID: #11390534