1321 S Yermo DrPalm SpringsCA92262
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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 Palm Springs at 1321 S Yermo Dr, Palm Springs, CA, 92262 offers $6,394/mo rent that, after a $3,304/mo payment, leaves $1,544/mo cash flow. Total monthly income is $6,394/mo, and annual cash flow is $18,532/yr on $222,075 cash. Return on cash invested measures 28.41% in year one, and rental yield stands at 11.37% at a $675,000 entry. Equity gained on principal adds $4,356/yr while 5% annual appreciation compounds into $186,490 by year five. Five-year ROI records 149.69% and total cumulative return in cash reaches $332,427. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,394/mo property income versus a $3,304/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2004
N/A lot
$N/A/sqft
$532 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92262, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,725 (100%) |
| Owner Occupied HU | 8,475 (43.0%) |
| Renter Occupied HU | 6,025 (30.5%) |
| Vacant Housing Units | 5,225 (26.5%) |
| Median Home Value | $778,535 |
| Average Home Value | $846,527 |
Housing Distribution
Address Breakdown
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
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Listed by: Randy Heyl • Bennion Deville Homes
Mls Name: CLAW
Mls Provider:
Mls ID: #24-404707
Disclaimer: 2024 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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.