633 S Allen 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
Rental property for sale in Ridgecrest at 633 S Allen St, Ridgecrest, CA, 93555 priced at $199,900 converts $1,909/mo rent into $673/mo cash flow after a $978/mo obligation. Total monthly income equals $1,909/mo, and annual cash flow totals $8,073/yr on $66,267 invested. Return on cash invested prints 32.09% in year one, and rental yield reads 11.46% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 168.19% and total cumulative return in cash sums $111,457. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,909/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.27 Acres 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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Nearby investment properties with comparable prices
Listed by: Sergio Becerra Casillas • RE/MAX Gold Coast Realtors
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202406054
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.