608 S Silver Ridge 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 608 S Silver Ridge St, Ridgecrest, CA, 93555 earns $851/mo cash flow from $2,419/mo rent with a $1,223/mo payment. Total monthly income totals $2,419/mo, and annual cash flow totals $10,209/yr on $82,842 capital. ROI tracks 32.23% on current figures, and rental yield reads 11.62% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 169.05% and total cumulative return in cash sums $140,042. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,419/mo property income instead of your personal income.
Single Family
Built in 1985
7,405 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: Craig S. Stevens • Coldwell Banker Frontier
Mls Name: RAOR
Mls Provider:
Mls ID: #2606877
Disclaimer: Copyright Ridgecrest Area Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.