601 N Kirby St SPACE 97HemetCA92545
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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 97, Hemet, CA, 92545 uses $59,537 cash to close to unlock $21,444/yr annual cash flow and $1,787/mo monthly cash flow. Total monthly income runs $2,898/mo, and a $879/mo payment keeps the spread at $1,787/mo. Purchase price stands at $179,600, and rental yield measures 19.36% with $2,898/mo rent. Return on cash invested shows 55.93% in year one, and 5% annual appreciation builds toward $49,620 over five years. Five-year ROI reaches 296.06% and total cumulative return in cash records $176,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,898/mo property income covering a $879/mo payment rather than investor’s personal income.
Manufactured
Built in 1976
3,049 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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