1111 E Ramon Rd UNIT 86Palm 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
Investment property for sale in Palm Springs at 1111 E Ramon Rd UNIT 86, Palm Springs, CA, 92264 uses $165,750 cash to close to unlock $2,006/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $3,724/mo, and a $2,447/mo payment keeps the spread at $167/mo. Purchase price stands at $500,000, and rental yield measures 8.94% with $3,724/mo rent. Return on cash invested shows 21.12% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 110.56% and total cumulative return in cash records $183,248. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,724/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$464 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: Andrew Shouse • BD Homes-The Paul Kaplan Group
Mls Name: CLAW
Mls Provider:
Mls ID: #25514323PS
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 2025-03-24 18:34:37 PDT. 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.