601 N Kirby St SPACE 109HemetCA92545
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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 601 N Kirby St SPACE 109, Hemet, CA, 92545 uses $62,952 cash to close to unlock $28,485/yr annual cash flow and $2,374/mo monthly cash flow. Total monthly income runs $3,548/mo, and a $929/mo payment keeps the spread at $2,374/mo. Purchase price stands at $189,900, and rental yield measures 22.42% with $3,548/mo rent. Return on cash invested shows 65.16% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 345.49% and total cumulative return in cash records $217,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,548/mo property income covering a $929/mo payment rather than investor’s personal income.
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
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Listed by: Paul Harmon • Colonial Country Club
Mls Name: My State MLS
Mls ID: #11333914