816 Alene AveRidgecrestCA93555
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 816 Alene Ave, Ridgecrest, CA, 93555 at $240,000 posts ROI 28.31% with $557/mo cash flow from $2,042/mo rent. Total monthly income equals $2,042/mo, and annual cash flow records $6,684/yr on $79,560 to close. Return on cash invested measures 28.31% and rental yield reads 10.21% at the current $240,000. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 by year five. Five-year ROI prints 147.86% and total cumulative return in cash totals $117,638.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,042/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1978
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark MacFarlane • Vimvi California
Mls Name: CRMLS
Mls ID: #P1-22868