1010 Palm Canyon Dr APT 324Borrego SpringsCA92004
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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 Borrego Springs at 1010 Palm Canyon Dr APT 324, Borrego Springs, CA, 92004 earns $331/mo cash flow from $1,562/mo rent with a $974/mo payment. Total monthly income totals $1,562/mo, and annual cash flow totals $3,971/yr on $65,969 capital. ROI tracks 25.93% on current figures, and rental yield reads 9.42% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 135.11% and total cumulative return in cash sums $89,130. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,562/mo property income instead of your personal income.
Manufactured
Built in 1977
182.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92004, Borrego Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,999 (100%) |
| Owner Occupied HU | 1,242 (41.4%) |
| Renter Occupied HU | 388 (12.9%) |
| Vacant Housing Units | 1,369 (45.6%) |
| Median Home Value | $556,818 |
| Average Home Value | $811,886 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
139
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Listed by: Bonnie L. Smith • Smith Estates
Mls Name: CRMLS
Mls ID: #NDP2511130