8669 Ironwood AveCalifornia CityCA93505
Nearby investment properties with comparable rents
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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 California City at 8669 Ironwood Ave, California City, CA, 93505 priced at $198,966 converts $2,088/mo rent into $857/mo cash flow after a $974/mo obligation. Total monthly income equals $2,088/mo, and annual cash flow totals $10,284/yr on $65,957 invested. Return on cash invested prints 35.5% in year one, and rental yield reads 12.59% against a $198,966 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,971 by year five. Five-year ROI reaches 186.53% and total cumulative return in cash sums $123,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,088/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 2008
10,827 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93505, California City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,199 (100%) |
| Owner Occupied HU | 2,657 (51.1%) |
| Renter Occupied HU | 1,968 (37.9%) |
| Vacant Housing Units | 574 (11.0%) |
| Median Home Value | $288,941 |
| Average Home Value | $311,568 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,822
Multi-Family
140
Businesses
182
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Listed by: N/A • N/A
Mls Name: CRMLS
Mls Provider:
Mls ID: #OC24140701