244 Running Springs DrPalm DesertCA92211
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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 Palm Desert at 244 Running Springs Dr, Palm Desert, CA, 92211 offers $4,694/mo rent that, after a $3,911/mo payment. Total monthly income is $4,694/mo. Return on cash invested measures 18.92% in year one, and rental yield stands at 7.05% at a $799,000 entry. Equity gained on principal adds $5,156/yr while 5% annual appreciation compounds into $220,749 by year five. Five-year ROI records 97.51% and total cumulative return in cash reaches $256,314. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,694/mo property income versus a $3,911/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1984
2,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92211, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,925 (52.9%) |
| Renter Occupied HU | 3,408 (16.5%) |
| Vacant Housing Units | 6,329 (30.6%) |
| Median Home Value | $670,705 |
| Average Home Value | $749,259 |
Housing Distribution
Address Breakdown
Residential
18,789
Single Family
17,457
Multi-Family
1,332
Businesses
1,343
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Listed by: Elizabeth Flanagan-Nummerdor • Carter & Company
Mls Name: CRMLS
Mls ID: #219140412DA