1150 E Palm Canyon Dr UNIT 21Palm 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 1150 E Palm Canyon Dr UNIT 21, Palm Springs, CA, 92264 earns $1,006/mo cash flow from $4,254/mo rent with a $2,570/mo payment. Total monthly income totals $4,254/mo, and annual cash flow totals $12,070/yr on $172,725 capital. ROI tracks 27.05% on current figures, and rental yield reads 9.72% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 141.09% and total cumulative return in cash sums $243,693. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,254/mo property income instead of your personal income.
Condo
Built in 1980
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: Brenda Fitch • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #219139243DA