2 Granada DrRancho MirageCA92270
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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
Rental property for sale in Rancho Mirage at 2 Granada Dr, Rancho Mirage, CA, 92270 offers $4,754/mo rent that, after a $2,711/mo payment, leaves $1,328/mo cash flow. Total monthly income is $4,754/mo, and annual cash flow is $15,930/yr on $182,233 cash. Return on cash invested measures 28.8% in year one, and rental yield stands at 10.3% at a $553,900 entry. Equity gained on principal adds $3,574/yr while 5% annual appreciation compounds into $153,032 by year five. Five-year ROI records 150.5% and total cumulative return in cash reaches $274,258. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,754/mo property income versus a $2,711/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1975
1,307 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
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Listed by: Myriam Solan Westendorf • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219140617DA