1050 E Ramon Rd UNIT 3Palm SpringsCA92264
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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 Palm Springs at 1050 E Ramon Rd UNIT 3, Palm Springs, CA, 92264 generates $2,270/mo in rent and, after a $1,591/mo payment, leaves $259/mo in cash flow. Total monthly income is $2,270/mo, and annual cash flow is $3,110/yr on $107,738 invested. Return on cash invested sits at 22.8% in year one, and rental yield is 8.38% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 118.36% and total cumulative return in cash sums $127,513. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,270/mo property income rather than buyer’s personal income.
Condo
Built in 1979
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92264, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,232 (100%) |
| Owner Occupied HU | 7,604 (44.1%) |
| Renter Occupied HU | 3,765 (21.8%) |
| Vacant Housing Units | 5,863 (34.0%) |
| Median Home Value | $783,643 |
| Average Home Value | $857,965 |
Housing Distribution
Address Breakdown
Residential
14,188
Single Family
13,345
Multi-Family
843
Businesses
690
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Listed by: Lisa Scheinwald • Equity Union
Mls Name: CRMLS
Mls ID: #219138624DA