2467 W Miramonte Cir #CPalm 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
Rental property for sale in Palm Springs at 2467 W Miramonte Cir #C, Palm Springs, CA, 92264 priced at $495,000 converts $3,081/mo rent into after a $2,423/mo obligation. Total monthly income equals $3,081/mo. Return on cash invested prints 14.36% in year one, and rental yield reads 7.47% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 75.16% and total cumulative return in cash sums $123,334. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,081/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Condo
Built in 1974
1,742 sqft lot
$N/A/sqft
$630 monthly 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: Scott Newton • Bennion Deville Homes
Mls Name: CDAR/ Desert Area MLS
Mls Provider:
Mls ID: #219128700
Disclaimer: Copyright California Desert Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.