601 N Kirby St SPACE 107HemetCA92545
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 601 N Kirby St SPACE 107, Hemet, CA, 92545 in Hemet speaks for itself: 20.51% gross on a $174,900 price, generating $2,989/mo in rent and $1,907/mo in net income after the $786/mo debt service. DSCR 3.80, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $22,887 stacks alongside $48,322 in projected five-year appreciation and $1,611/yr in principal reduction. Projected total cumulative return: $189,121.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.5% | 5.8% |
| Monthly Cash Flow | $1,907 | $420 |
City averages based on Hemet market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,989 |
| Total Monthly Debt Service | $1,012 |
| DSCR Ratio | 2.95x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2024
N/A 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
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
Manufactured
Built in 2024
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices