255 S Avenida Caballeros UNIT 313, Palm Springs, CA, 92262 | $708/mo Cash Flow

For Sale

Fix & Flip

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Palm Springs at 255 S Avenida Caballeros UNIT 313, Palm Springs, CA, 92262 offers a 9.67% rental yield on a $379,000 purchase with $3,053/mo rent. Total monthly income registers $3,053/mo, and a $1,855/mo payment leaves $708/mo available for distribution. Annual cash flow reaches $8,501/yr on $125,639 to close, and return on cash invested stands at 26.68% in year one. Equity gained on principal adds $2,446/yr while 5% annual appreciation supports $104,711 over five years. Portfolio math shows five-year ROI at 139.13% and total cumulative return in cash at $174,803. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,053/mo property income against a $1,855/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 92262, Palm Springs, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,725 (100%)
Owner Occupied HU	8,475 (43.0%)
Renter Occupied HU	6,025 (30.5%)
Vacant Housing Units	5,225 (26.5%)
Median Home Value	$778,535
Average Home Value	$846,527