817 W Wasp AveRidgecrestCA93555
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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 817 W Wasp Ave, Ridgecrest, CA, 93555 listed at $217,950 pairs $1,478/mo rent with a $1,067/mo payment to leave $129/mo cash flow. Total monthly income runs $1,478/mo, and annual cash flow reaches $1,554/yr on $72,250 cash to close. Return on cash invested measures 22.06% in year one, and rental yield registers 8.14% at a $217,950 basis. Equity gained on principal adds $1,406/yr, and annual property appreciation at 5% supports $60,216 by year five. Five-year ROI tracks 114.41% and total cumulative return in cash totals $82,659. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,478/mo property income relative to a $1,067/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
0.31 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: Angela Vass-Rodriguez • Ridgecrest Realty
Mls Name: RAOR
Mls ID: #2607543