109 Rain Bird CirPalm DesertCA92211
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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 Desert at 109 Rain Bird Cir, Palm Desert, CA, 92211 priced at $1,480,000 converts $6,133/mo rent into after a $7,244/mo obligation. Total monthly income equals $6,133/mo. Return on cash invested prints 12.81% in year one, and rental yield reads 4.97% against a $1,480,000 entry. Equity gained on principal adds $9,550/yr, while 5% annual appreciation compiles into $408,897 by year five. Five-year ROI reaches 64.65% and total cumulative return in cash sums $310,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,133/mo property income covering a $7,244/mo payment, not borrower’s personal income.
Condo
Built in 1996
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92211, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,925 (52.9%) |
| Renter Occupied HU | 3,408 (16.5%) |
| Vacant Housing Units | 6,329 (30.6%) |
| Median Home Value | $670,705 |
| Average Home Value | $749,259 |
Housing Distribution
Address Breakdown
Residential
18,789
Single Family
17,457
Multi-Family
1,332
Businesses
1,343
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Listed by: Barbara Merrill • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219140073DA