2074 Savanna WayPalm SpringsCA92262
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 2074 Savanna Way, Palm Springs, CA, 92262 in Palm Springs worth modelling. At $675,000 with a 8.67% gross yield, the $4,874/mo rent leaves $149/mo after the $3,035/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.61 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $186,490 by year five; $6,217/yr in principal reduction adds further equity. Total projected return: $267,936.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 5.2% |
| Monthly Cash Flow | $149 | $28,000 |
City averages based on Palm Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,874 |
| Total Monthly Debt Service | $4,457 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
6,098 sqft lot
$N/A/sqft
$451 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 |
Housing Distribution
Address Breakdown
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2005
6,098 sqft lot
$N/A/sqft
$451 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 |
Housing Distribution
Address Breakdown
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yolanda Zygmunt • HomeSmart Professionals
Mls Name: CLAW
Mls Provider:
Mls ID: #24-474843
Disclaimer: 2025 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2025-02-12 15:50:30 PST. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.