2554 Olive Dr APT 2PalmdaleCA93550
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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 Palmdale at 2554 Olive Dr APT 2, Palmdale, CA, 93550 generates $1,931/mo in rent and, after a $1,101/mo payment, leaves $539/mo in cash flow. Total monthly income is $1,931/mo, and annual cash flow is $6,472/yr on $74,588 invested. Return on cash invested sits at 28.59% in year one, and rental yield is 10.3% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 149.43% and total cumulative return in cash sums $111,453. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,931/mo property income rather than buyer’s personal income.
Condo
Built in 1986
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93550, Palmdale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,509 (100%) |
| Owner Occupied HU | 12,705 (51.8%) |
| Renter Occupied HU | 10,969 (44.8%) |
| Vacant Housing Units | 835 ( 3.4%) |
| Median Home Value | $366,064 |
| Average Home Value | $444,424 |
Housing Distribution
Address Breakdown
Residential
23,372
Single Family
19,165
Multi-Family
4,207
Businesses
1,540
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Listed by: Raquel Magro • Pinnacle Estate Prop. Inc.
Mls Name: GAVAR
Mls ID: #25006010