821 W Reeves 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
Rental property for sale in Ridgecrest at 821 W Reeves Ave, Ridgecrest, CA, 93555 generates $898/mo in rent and, after a $565/mo payment, leaves $141/mo in cash flow. Total monthly income is $898/mo, and annual cash flow is $1,696/yr on $38,288 invested. Return on cash invested sits at 24.34% in year one, and rental yield is 9.33% on a $115,500 entry. Equity gained on principal adds $745/yr, while 5% annual appreciation builds toward $31,911 over five years. Five-year ROI reaches 127.15% and total cumulative return in cash sums $48,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $898/mo property income rather than buyer’s personal income.
Manufactured
Built in 1972
6,534 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: Debra Michele Dibble • Realty 178
Mls Name: RAOR
Mls Provider:
Mls ID: #2606644
Disclaimer: Copyright Ridgecrest Area Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.