12842 Palm St UNIT 204, Garden Grove, CA, 92840 | $79/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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12842 Palm St UNIT 204, Garden Grove, CA, 92840 | $79/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Garden Grove at 12842 Palm St UNIT 204, Garden Grove, CA, 92840 listed at $548,800 pairs $3,474/mo rent with a $2,686/mo payment to leave $79/mo cash flow. Total monthly income runs $3,474/mo, and annual cash flow reaches $950/yr on $180,555 cash to close. Return on cash invested measures 20.59% in year one, and rental yield registers 7.6% at a $548,800 basis. Equity gained on principal adds $3,541/yr, and annual property appreciation at 5% supports $151,623 by year five. Five-year ROI tracks 106.45% and total cumulative return in cash totals $192,209. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,474/mo property income relative to a $2,686/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2007

3.75 Acres lot

$N/A/sqft

No HOA

More details about the property

Location, Location, Location! Welcome to 12842 Palm St #204 The Lotus walk was thoughtfully designed and beautifully crafted in 2007! This end unit is a charming 2 bedroom and 2 full bathroom condo located in a private gated building. An Elevator or stairs leads you to the 3rd floor where you are greeted with a view of the community atrium featuring seating and a gas fireplace. Once inside, the delightment continues with beautiful engineered hardwood floors, granite countertops and stainless steel applainces in the open concept kitchen. This corner unit is rarely on the market and boasts an extra window to allow the natural light to flow in. The lay out is great with a design that creates the ability to have 2 primary ensuites. A spacious living room has a balcony attached and is great place to BBQ or hang out. The crem de la crem in the unit is the huge primary bedroom with attached ensuite bathroom featuring a dual sinks on the vanity, deep soaking tub, separate shower, water closet and a walk in closet. This home is truly move in ready and the location is a dream! Just down the street from Disneyland, Great Wolf Lodge, Angel Stadium, UCI Medical Center, the Packing District, the Honda Center and soon to be OC VIBE complex! Adjacent to the 22 freeway to make an easy commute to work or the beach! Enjoy all the Lotus Walk amenities including a sparkling pool and relaxing spa. This unit comes with 2 tandem parking spots with storage in a gated garage. You wont want to miss this one!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92840, Garden Grove, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,397 (100%)
Owner Occupied HU	8,425 (51.4%)
Renter Occupied HU	7,499 (45.7%)
Vacant Housing Units	473 ( 2.9%)
Median Home Value	$813,031
Average Home Value	$866,185