600 S Sorrel StRidgecrestCA93555
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
Investment property for sale in Ridgecrest at 600 S Sorrel St, Ridgecrest, CA, 93555 at $315,000 posts ROI 26.67% with $588/mo cash flow from $2,537/mo rent. Total monthly income equals $2,537/mo, and annual cash flow records $7,057/yr on $104,423 to close. Return on cash invested measures 26.67% and rental yield reads 9.66% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 139.12% and total cumulative return in cash totals $145,277.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,537/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1985
6,969 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: Christie Lee Weishaar • Coldwell Banker Frontier
Mls Name: TAAR
Mls ID: #9991548
Disclaimer: Based on information from the Tehachapi Area Association of REALTORS as of 2024-10-15 01:37:36 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.