5001 W Florida Ave SPACE 23HemetCA92545
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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 SPACE 23, Hemet, CA, 92545 uses $60,167 cash to close to unlock $4,339/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,484/mo, and a $888/mo payment keeps the spread at $362/mo. Purchase price stands at $181,500, and rental yield measures 9.81% with $1,484/mo rent. Return on cash invested shows 27.12% in year one, and 5% annual appreciation builds toward $50,145 over five years. Five-year ROI reaches 141.54% and total cumulative return in cash records $85,160. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,484/mo property income covering a $888/mo payment rather than investor’s personal income.
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: #11385387