1407 N Sunrise Way UNIT 28Palm 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
Investment property for sale in Palm Springs at 1407 N Sunrise Way UNIT 28, Palm Springs, CA, 92262 earns $904/mo cash flow from $3,187/mo rent with a $1,806/mo payment. Total monthly income totals $3,187/mo, and annual cash flow totals $10,852/yr on $122,324 capital. ROI tracks 28.78% on current figures, and rental yield reads 10.36% at a $369,000 purchase. Equity gained on principal adds $2,381/yr, and 5% annual appreciation supports $101,948 over five years. Five-year ROI reaches 150.43% and total cumulative return in cash sums $184,011. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,187/mo property income instead of your personal income.
Condo
Built in 1973
1,307 sqft lot
$N/A/sqft
No 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: Barry Bowen • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219139980DA