1895 N Via Miraleste Unit 1518, Palm Springs, CA, 92262 | $316/mo Cash Flow

For Sale

Listed for sale 4 days ago

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 1895 N Via Miraleste Unit 1518, Palm Springs, CA, 92262 uses $142,545 cash to close to unlock $3,792/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $3,817/mo, and a $2,105/mo payment keeps the spread at $316/mo. Purchase price stands at $430,000, and rental yield measures 10.65% with $3,817/mo rent. Return on cash invested shows 22.57% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 119.7% and total cumulative return in cash records $170,631. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,817/mo property income covering a $2,105/mo payment rather than investor’s personal income.

Single Family

Built in 1980

1,306 sqft lot

$N/A/sqft

$656 monthly HOA

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