246 S Paseo LaredoCathedral CityCA92234
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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 Cathedral City at 246 S Paseo Laredo, Cathedral City, CA, 92234 offers a 9.39% rental yield on a $135,000 purchase with $1,056/mo rent. Total monthly income registers $1,056/mo, and a $661/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,647/yr on $44,753 to close, and return on cash invested stands at 25.82% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 134.61% and total cumulative return in cash at $60,241. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,056/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
N/A 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
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Listed by: Samuel Ramos • Equity Union
Mls Name: CRMLS
Mls ID: #219135506PS