190 Firestone DrPalm DesertCA92211
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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 Desert at 190 Firestone Dr, Palm Desert, CA, 92211 with 5% annual appreciation on a $367,000 basis while $2,554/mo rent supports operations. Total monthly income totals $2,554/mo and a $1,796/mo payment preserves $284/mo for cash returns. Annual cash flow comes to $3,407/yr on $121,661 deployed, and return on cash invested reaches 22.71% in year one. Equity gained on principal adds $2,368/yr, and five-year appreciation sums $101,395 alongside rental yield of 8.35%. Five-year ROI measures 117.85% and total cumulative return in cash totals $143,375.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,554/mo property income versus a $1,796/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92211, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,925 (52.9%) |
| Renter Occupied HU | 3,408 (16.5%) |
| Vacant Housing Units | 6,329 (30.6%) |
| Median Home Value | $670,705 |
| Average Home Value | $749,259 |
Housing Distribution
Address Breakdown
Residential
18,789
Single Family
17,457
Multi-Family
1,332
Businesses
1,343
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Listed by: Michelle Gareis • Showcase Homes, Inc.
Mls Name: CRMLS
Mls ID: #219136876DA