213 Settles DrCathedral CityCA92234
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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 Cathedral City at 213 Settles Dr, Cathedral City, CA, 92234 priced at $169,000 pairs $1,352/mo rent with $307/mo cash flow after a $827/mo payment. Total monthly income equals $1,352/mo, and annual cash flow comes to $3,680/yr on $56,024 invested. Return on cash invested is 26.48% in year one, and rental yield stands at 9.6% on a $169,000 basis. Equity gained on principal adds $1,091/yr, and 5% annual appreciation accumulates to $46,692 by year five. Five-year ROI measures 138.06% and total cumulative return in cash reaches $77,347. For financing, Ziffy Mortgage’s DSCR program evaluates $1,352/mo property income against a $827/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1985
1,980 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92234, Cathedral City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,545 (100%) |
| Owner Occupied HU | 12,100 (51.4%) |
| Renter Occupied HU | 6,816 (28.9%) |
| Vacant Housing Units | 4,629 (19.7%) |
| Median Home Value | $574,412 |
| Average Home Value | $608,642 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
18,885
Multi-Family
1,571
Businesses
990
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Listed by: Randy Steele • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219132938DA