171 Avenida Las PalmasRancho MirageCA92270
Nearby investment properties with comparable rents
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
Investment property for sale in Rancho Mirage at 171 Avenida Las Palmas, Rancho Mirage, CA, 92270 uses $190,491 cash to close to unlock $193/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $3,598/mo, and a $2,834/mo payment keeps the spread at $16/mo. Purchase price stands at $579,000, and rental yield measures 7.46% with $3,598/mo rent. Return on cash invested shows 20.16% in year one, and 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 104.18% and total cumulative return in cash records $198,451. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,598/mo property income covering a $2,834/mo payment rather than investor’s personal income.
Condo
Built in 1977
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92270, Rancho Mirage, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,976 (100%) |
| Owner Occupied HU | 7,579 (50.6%) |
| Renter Occupied HU | 1,650 (11.0%) |
| Vacant Housing Units | 5,747 (38.4%) |
| Median Home Value | $829,985 |
| Average Home Value | $903,654 |
Housing Distribution
Address Breakdown
Residential
13,463
Single Family
11,994
Multi-Family
1,469
Businesses
995
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yvonne Ida • Equity Union
Mls Name: CRMLS
Mls ID: #219138467DA