148 Verde WayPalm DesertCA92260
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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 Desert at 148 Verde Way, Palm Desert, CA, 92260 generates $3,857/mo in rent and, after a $2,149/mo payment, leaves $1,141/mo in cash flow. Total monthly income is $3,857/mo, and annual cash flow is $13,691/yr on $145,529 invested. Return on cash invested sits at 29.32% in year one, and rental yield is 10.54% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 153.28% and total cumulative return in cash sums $223,064. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,857/mo property income rather than buyer’s personal income.
Condo
Built in 1987
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92260, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,760 (100%) |
| Owner Occupied HU | 9,676 (44.5%) |
| Renter Occupied HU | 5,739 (26.4%) |
| Vacant Housing Units | 6,345 (29.2%) |
| Median Home Value | $637,429 |
| Average Home Value | $680,264 |
Housing Distribution
Address Breakdown
Residential
18,983
Single Family
17,282
Multi-Family
1,701
Businesses
1,827
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Listed by: Rita Craig • Windermere Real Estate
Mls Name: CRMLS
Mls ID: #219140885DA