232 Joseph LnPalmdaleCA93551
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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 Palmdale at 232 Joseph Ln, Palmdale, CA, 93551 priced at $375,000 converts $3,250/mo rent into $800/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,250/mo, and annual cash flow totals $9,596/yr on $124,313 invested. Return on cash invested prints 27.63% in year one, and rental yield reads 10.4% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 144.68% and total cumulative return in cash sums $179,859. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,250/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Condo
Built in 1979
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93551, Palmdale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,443 (100%) |
| Owner Occupied HU | 14,403 (78.1%) |
| Renter Occupied HU | 3,455 (18.7%) |
| Vacant Housing Units | 585 ( 3.2%) |
| Median Home Value | $611,973 |
| Average Home Value | $682,678 |
Housing Distribution
Address Breakdown
Residential
17,786
Single Family
16,787
Multi-Family
999
Businesses
1,049
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Listed by: Charla Gonzales • Sync Brokerage, Inc.
Mls Name: GAVAR
Mls Provider:
Mls ID: #24009074
Disclaimer: 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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.