1111 E Ramon Rd UNIT 43Palm 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 1111 E Ramon Rd UNIT 43, Palm Springs, CA, 92264 generates $3,724/mo in rent and, after a $2,236/mo payment, leaves $448/mo in cash flow. Total monthly income is $3,724/mo, and annual cash flow is $5,374/yr on $151,458 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 9.78% on a $456,888 entry. Equity gained on principal adds $2,948/yr, while 5% annual appreciation builds toward $126,230 over five years. Five-year ROI reaches 123.14% and total cumulative return in cash sums $186,512. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,724/mo property income rather than buyer’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$450 monthly 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: Arthur Fleischer • Platinum Star Properties
Mls Name: CLAW
Mls Provider:
Mls ID: #24-471935
Disclaimer: 2025 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2025-02-12 17:19:32 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.