2343 Miramonte Cir W UNIT DPalm SpringsCA92264
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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
Investment property for sale in Palm Springs at 2343 Miramonte Cir W UNIT D, Palm Springs, CA, 92264 uses $149,175 cash to close to unlock $2,349/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $2,980/mo, and a $2,203/mo payment keeps the spread at $196/mo. Purchase price stands at $450,000, and rental yield measures 7.95% with $2,980/mo rent. Return on cash invested shows 21.48% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 111.28% and total cumulative return in cash records $166,002. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,980/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in 1973
1,742 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
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Listed by: Anisha Clay • Steve C Roberson
Mls Name: CRMLS
Mls ID: #DW25096192