1655 E Palm Canyon Dr UNIT 111Palm SpringsCA92264
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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 1655 E Palm Canyon Dr UNIT 111, Palm Springs, CA, 92264 earns $1,099/mo cash flow from $3,144/mo rent with a $1,292/mo payment. Total monthly income totals $3,144/mo, and annual cash flow totals $13,193/yr on $87,516 capital. ROI tracks 34.98% on current figures, and rental yield reads 14.29% at a $264,000 purchase. Equity gained on principal adds $1,704/yr, and 5% annual appreciation supports $72,938 over five years. Five-year ROI reaches 185.75% and total cumulative return in cash sums $162,565. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,144/mo property income instead of your personal income.
Condo
Built in 1974
871 sqft lot
$N/A/sqft
$317 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: Arthur Fleischer • Re/Max Desert Properties
Mls Name: CLAW
Mls Provider:
Mls ID: #24-380697
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.