1380 S Camino RealPalm SpringsCA92264
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Nearby investment properties with comparable prices
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 1380 S Camino Real, Palm Springs, CA, 92264 priced at $359,500 converts $3,324/mo rent into $633/mo cash flow after a $1,760/mo obligation. Total monthly income equals $3,324/mo, and annual cash flow totals $7,596/yr on $119,174 invested. Return on cash invested prints 26.28% in year one, and rental yield reads 11.1% against a $359,500 entry. Equity gained on principal adds $2,320/yr, while 5% annual appreciation compiles into $99,323 by year five. Five-year ROI reaches 138.7% and total cumulative return in cash sums $165,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,324/mo property income covering a $1,760/mo payment, not borrower’s personal income.
Condo
Built in 1973
1,742 sqft lot
$N/A/sqft
$360 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
14,188
Single Family
13,345
Multi-Family
843
Businesses
690
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Listed by: Christopher Johnson • Compass
Mls Name: CRMLS
Mls Provider:
Mls ID: #219111862PS
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