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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Palm Springs at 1990 E Calle Felicia, Palm Springs, CA, 92262 generates $8,473/mo in rent and, after a $4,870/mo payment, leaves $1,788/mo in cash flow. Total monthly income is $8,473/mo, and annual cash flow is $21,456/yr on $327,355 invested. Return on cash invested sits at 26.61% in year one, and rental yield is 10.22% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 139.46% and total cumulative return in cash sums $456,522. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,473/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 92262, Palm Springs, CA area.
| 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 |
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
Date | Event | Price |
|---|---|---|
| 2024-06-25 | Price change | $995,000 |
| 2024-04-25 | Price change | $1,199,000 |
| 2024-02-27 | Price change | $1,299,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $13823.88 | -0.13% | $1,072,200 | 2.00% |
| 2022-08-16 | $13841.24 | 2.08% | $1,051,177 | 2.00% |
| 2021-08-16 | $13558.90 | 4.76% | $1,030,567 | 1.04% |
Listed by: Esther Melcher • Redfin Corporation
Mls Name: CRMLS
Mls Provider:
Mls ID: #219104960DA
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. 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
