944 S Elk StHemetCA92543
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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 Hemet at 944 S Elk St, Hemet, CA, 92543 uses $54,001 cash to close to unlock $3,343/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $1,286/mo, and a $797/mo payment keeps the spread at $279/mo. Purchase price stands at $162,900, and rental yield measures 9.47% with $1,286/mo rent. Return on cash invested shows 26.1% in year one, and 5% annual appreciation builds toward $45,006 over five years. Five-year ROI reaches 136.09% and total cumulative return in cash records $73,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,286/mo property income covering a $797/mo payment rather than investor’s personal income.
Manufactured
Built in 1974
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92543, Hemet, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,719 (100%) |
| Owner Occupied HU | 7,942 (50.5%) |
| Renter Occupied HU | 6,790 (43.2%) |
| Vacant Housing Units | 987 ( 6.3%) |
| Median Home Value | $255,843 |
| Average Home Value | $384,346 |
Housing Distribution
Address Breakdown
Residential
15,215
Single Family
12,657
Multi-Family
2,558
Businesses
904
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Listed by: BEVERLY MACKEY • NATIONAL REALTY GROUP
Mls Name: CRMLS
Mls ID: #IV25259001