1150 E Palm Canyon Dr UNIT 39Palm 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 39, Palm Springs, CA, 92264 uses $132,269 cash to close to unlock $10,627/yr annual cash flow and $886/mo monthly cash flow. Total monthly income runs $3,354/mo, and a $1,953/mo payment keeps the spread at $886/mo. Purchase price stands at $399,000, and rental yield measures 10.09% with $3,354/mo rent. Return on cash invested shows 27.94% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 145.93% and total cumulative return in cash records $193,022. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,354/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A 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: Jim Webb Roy Rigsby • Desert Lifestyle Properties
Mls Name: CLAW
Mls ID: #25621763PS