24 Mesa View DrCathedral CityCA92234
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 Cathedral City at 24 Mesa View Dr, Cathedral City, CA, 92234 offers $924/mo rent that, after a $563/mo payment, leaves $212/mo cash flow. Total monthly income is $924/mo, and annual cash flow is $2,549/yr on $38,123 cash. Return on cash invested measures 26.6% in year one, and rental yield stands at 9.64% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 138.75% and total cumulative return in cash reaches $52,893. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $924/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1976
1 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Alder-LaRue • Alder-LaRue Properties
Mls Name: CRMLS
Mls ID: #219139439DA