636 Mamie StRidgecrestCA93555
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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 Ridgecrest at 636 Mamie St, Ridgecrest, CA, 93555 uses $108,401 cash to close to unlock $10,771/yr annual cash flow and $898/mo monthly cash flow. Total monthly income runs $2,921/mo, and a $1,601/mo payment keeps the spread at $898/mo. Purchase price stands at $327,000, and rental yield measures 10.72% with $2,921/mo rent. Return on cash invested shows 29.85% in year one, and 5% annual appreciation builds toward $90,344 over five years. Five-year ROI reaches 156.14% and total cumulative return in cash records $169,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,921/mo property income covering a $1,601/mo payment rather than investor’s personal income.
Single Family
Built in 1972
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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Listed by: Debra Michele Dibble • Realty 178
Mls Name: RAOR
Mls ID: #2607628