1300 S Camino Real, Palm Springs, CA, 92264 | $912/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1300 S Camino Real, Palm Springs, CA, 92264 | $912/mo Cash Flow | Ziffy

For Sale

Listed for sale 1 day ago

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 Palm Springs at 1300 S Camino Real, Palm Springs, CA, 92264 uses $115,694 cash to close to unlock $10,946/yr annual cash flow and $912/mo monthly cash flow. Total monthly income runs $3,071/mo, and a $1,708/mo payment keeps the spread at $912/mo. Purchase price stands at $349,000, and rental yield measures 10.56% with $3,071/mo rent. Return on cash invested shows 29.37% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 153.6% and total cumulative return in cash records $177,708. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,071/mo property income covering a $1,708/mo payment rather than investor’s personal income.

Condo

Built in 1973

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

This 2 bedroom 2 bath condo located in Biltmore Phase 1 is an end unit with just one common wall, spacious living areas, and lovely views from the bedroom windows! In-unit laundry, one-car detached garage plus driveway, and convenient guest parking located across the drive. Close to the community's pool and spa, and tennis and pickleball courts. The developer land lease has been extended to 2072. Property makes for an excellent full-time rental, second home or full time residence. Close to restaurants, Koffi south, downtown PS and grocery options. Great neighborhood for walking and easy to commute anywhere in the valley! Come see this opportunity today.

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