1010 Palm Canyon Dr APT 339Borrego 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 339, Borrego Springs, CA, 92004 uses $49,725 cash to close to unlock $30,915/yr annual cash flow and $2,576/mo monthly cash flow. Total monthly income runs $3,504/mo, and a $734/mo payment keeps the spread at $2,576/mo. Purchase price stands at $150,000, and rental yield measures 28.03% with $3,504/mo rent. Return on cash invested shows 82.08% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 436.33% and total cumulative return in cash records $216,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,504/mo property income covering a $734/mo payment rather than investor’s personal income.
Manufactured
Built in 1978
8,500 sqft 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: Charlynne Dean • Coldwell Banker Borrego
Mls Name: CRMLS
Mls ID: #NDP2510493