219 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 219 Settles Dr, Cathedral City, CA, 92234 generates $1,191/mo in rent and, after a $734/mo payment, leaves $263/mo in cash flow. Total monthly income is $1,191/mo, and annual cash flow is $3,159/yr on $49,725 invested. Return on cash invested sits at 26.26% in year one, and rental yield is 9.53% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 136.99% and total cumulative return in cash sums $68,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,191/mo property income rather than buyer’s personal income.
Manufactured
Built in 1983
55.10 Acres 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: Samantha Clemons • HomeSmart
Mls Name: CRMLS
Mls ID: #219132657DA