116 Glory PlPalmdaleCA93550
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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 Palmdale at 116 Glory Pl, Palmdale, CA, 93550 priced at $308,000 converts $2,238/mo rent into $332/mo cash flow after a $1,508/mo obligation. Total monthly income equals $2,238/mo, and annual cash flow totals $3,986/yr on $102,102 invested. Return on cash invested prints 23.81% in year one, and rental yield reads 8.72% against a $308,000 entry. Equity gained on principal adds $1,987/yr, while 5% annual appreciation compiles into $85,095 by year five. Five-year ROI reaches 123.8% and total cumulative return in cash sums $126,400. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,238/mo property income covering a $1,508/mo payment, not borrower’s personal income.
Condo
Built in 2021
9.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93550, Palmdale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,509 (100%) |
| Owner Occupied HU | 12,705 (51.8%) |
| Renter Occupied HU | 10,969 (44.8%) |
| Vacant Housing Units | 835 ( 3.4%) |
| Median Home Value | $366,064 |
| Average Home Value | $444,424 |
Housing Distribution
Address Breakdown
Residential
23,372
Single Family
19,165
Multi-Family
4,207
Businesses
1,540
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Listed by: Donna Oehler • Realty Executives Platinum
Mls Name: GAVAR
Mls Provider:
Mls ID: #25003030
Disclaimer: 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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.