15300 Palm Dr Space 13Desert Hot SpringsCA92240
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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 Desert Hot Springs at 15300 Palm Dr Space 13, Desert Hot Springs, CA, 92240 generates $2,561/mo in rent and, after a $1,052/mo payment, leaves $1,231/mo in cash flow. Total monthly income is $2,561/mo, and annual cash flow is $14,775/yr on $71,273 invested. Return on cash invested sits at 40.64% in year one, and rental yield is 14.29% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 214.05% and total cumulative return in cash sums $152,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,561/mo property income rather than buyer’s personal income.
Manufactured
Built in 1988
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92240, Desert Hot Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,594 (100%) |
| Owner Occupied HU | 7,828 (50.2%) |
| Renter Occupied HU | 6,139 (39.4%) |
| Vacant Housing Units | 1,627 (10.4%) |
| Median Home Value | $337,088 |
| Average Home Value | $477,508 |
Housing Distribution
Address Breakdown
Residential
14,161
Single Family
13,172
Multi-Family
989
Businesses
496
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Listed by: Phillip Vaughan • HomeSmart
Mls Name: CRMLS
Mls Provider:
Mls ID: #219131869DA