119 Mount Ararat DrCathedral CityCA92234
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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 Cathedral City at 119 Mount Ararat Dr, Cathedral City, CA, 92234 listed at $119,000 pairs $895/mo rent with a $582/mo payment to leave $159/mo cash flow. Total monthly income runs $895/mo, and annual cash flow reaches $1,911/yr on $39,449 cash to close. Return on cash invested measures 24.75% in year one, and rental yield registers 9.03% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 128.9% and total cumulative return in cash totals $50,849. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $895/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1989
55.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92234, Cathedral City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,545 (100%) |
| Owner Occupied HU | 12,100 (51.4%) |
| Renter Occupied HU | 6,816 (28.9%) |
| Vacant Housing Units | 4,629 (19.7%) |
| Median Home Value | $574,412 |
| Average Home Value | $608,642 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
18,885
Multi-Family
1,571
Businesses
990
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Listed by: Jacqueline Clemons • HomeSmart
Mls Name: CRMLS
Mls ID: #219133087DA