2366 Miramonte Cir E UNIT APalm 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 2366 Miramonte Cir E UNIT A, Palm Springs, CA, 92264 listed at $420,000 pairs $3,400/mo rent with a $2,056/mo payment to leave $802/mo cash flow. Total monthly income runs $3,400/mo, and annual cash flow reaches $9,618/yr on $139,230 cash to close. Return on cash invested measures 26.82% in year one, and rental yield registers 9.71% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 139.9% and total cumulative return in cash totals $194,779. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,400/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
0.04 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: Jeff Litton • HomeSmart
Mls Name: CRMLS
Mls ID: #219135832DA