11 Ocotillo LnPalm DesertCA92260
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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 11 Ocotillo Ln, Palm Desert, CA, 92260 offers $1,337/mo rent that, after a $979/mo payment, leaves $100/mo cash flow. Total monthly income is $1,337/mo, and annual cash flow is $1,196/yr on $66,300 cash. Return on cash invested measures 21.71% in year one, and rental yield stands at 8.02% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 112.52% and total cumulative return in cash reaches $74,600. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,337/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1971
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92260, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,760 (100%) |
| Owner Occupied HU | 9,676 (44.5%) |
| Renter Occupied HU | 5,739 (26.4%) |
| Vacant Housing Units | 6,345 (29.2%) |
| Median Home Value | $637,429 |
| Average Home Value | $680,264 |
Housing Distribution
Address Breakdown
Residential
18,983
Single Family
17,282
Multi-Family
1,701
Businesses
1,827
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Listed by: Stephanie Turrentine • Windermere Real Estate
Mls Name: CRMLS
Mls ID: #219140583DA