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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Palm Springs at 242 E Morongo Rd, Palm Springs, CA, 92264 offers a 3.97% rental yield on a $1,995,000 purchase with $6,600/mo rent. 48% in year one. Equity gained on principal adds $12,873/yr while 5% annual appreciation supports $551,182 over five years. Portfolio math shows five-year ROI at 36.9% and total cumulative return in cash at $238,545. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,600/mo property income against a $9,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 92264, Palm Springs, CA area.
| 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 |
Residential
14,188
Single Family
13,345
Multi-Family
843
Businesses
690
Date | Event | Price |
|---|---|---|
| 2025-03-04 | Listed for sale | $1,995,000 |
| 2024-09-21 | Listing removed | $2,195,000 |
| 2024-09-20 | Listed for sale | $1,950,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-04 | $29365.40 | -1.89% | $2,392,920 | 2.00% |
| 2023-03-04 | $29931.02 | 114.52% | $2,346,000 | 121.38% |
| 2022-03-04 | $13952.64 | 2.08% | $1,059,738 | 2.00% |
Listed by: Brady Sandahl • Keller Williams Luxury Homes
Mls Name: CLAW
Mls Provider:
Mls ID: #25505073PS
Disclaimer: 2025 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2025-03-04 10:27:10 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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.
