218 E Ocotillo AvePalm SpringsCA92264
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
Investment Highlights
Rental property for sale in Palm Springs at 218 E Ocotillo Ave, Palm Springs, CA, 92264 priced at $1,939,000 converts $8,851/mo rent into after a $9,490/mo obligation. Total monthly income equals $8,851/mo. Return on cash invested prints 14.37% in year one, and rental yield reads 5.48% against a $1,939,000 entry. Equity gained on principal adds $12,512/yr, while 5% annual appreciation compiles into $535,710 by year five. Five-year ROI reaches 73.01% and total cumulative return in cash sums $458,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,851/mo property income covering a $9,490/mo payment, not borrower’s personal income.
Single Family
Built in 1935
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92264, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,232 (100%) |
| Owner Occupied HU | 7,604 (44.1%) |
| Renter Occupied HU | 3,765 (21.8%) |
| Vacant Housing Units | 5,863 (34.0%) |
| Median Home Value | $783,643 |
| Average Home Value | $857,965 |
Housing Distribution
Address Breakdown
Residential
14,188
Single Family
13,345
Multi-Family
843
Businesses
690
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Cochran • Cochran Real Estate Professionals Inc
Mls Name: CRMLS
Mls ID: #PW25269573