1870 N Mira Loma Way, Palm Springs, CA, 92262 | $921/mo Cash Flow

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1870 N Mira Loma Way, Palm Springs, CA, 92262 | $921/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Palm Springs at 1870 N Mira Loma Way, Palm Springs, CA, 92262 offers a 10.45% rental yield on a $365,000 purchase with $3,178/mo rent. Total monthly income registers $3,178/mo, and a $1,786/mo payment leaves $921/mo available for distribution. Annual cash flow reaches $11,046/yr on $120,998 to close, and return on cash invested stands at 29.04% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 151.8% and total cumulative return in cash at $183,679. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,178/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1976

1,182 sqft lot

$N/A/sqft

No HOA

More details about the property

This sophisticated upper-level unit has been thoughtfully upgraded with new carpet and an array of high-end finishes. The kitchen and bathrooms feature slate flooring, modern cabinetry, contemporary lighting, and designer basins in the baths. Enjoy mountain views from every room, creating a bright and serene atmosphere throughout. A spacious private balcony with a gas line for BBQ and outdoor storage offers the perfect spot for entertaining or relaxing. The property also includes a detached full two-car garage with built-in storage--a rare convenience in condo living. Community amenities are top-tier, featuring multiple pools, a jacuzzi, tennis courts, and a pickleball court--all within minutes of downtown Palm Springs, the casino, fine dining, museums, and shopping. Situated on fee simple land, there's no land lease--you own it. Mostly furnished and move-in ready, perfect for full-time residence, vacation home, or seasonal rental.

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