2601 S Broadmoor Dr APT 74Palm SpringsCA92264
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Palm Springs at 2601 S Broadmoor Dr APT 74, Palm Springs, CA, 92264 uses $122,324 cash to close to unlock $10,756/yr annual cash flow and $896/mo monthly cash flow. Total monthly income runs $3,179/mo, and a $1,806/mo payment keeps the spread at $896/mo. Purchase price stands at $369,000, and rental yield measures 10.34% with $3,179/mo rent. Return on cash invested shows 28.7% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 150.01% and total cumulative return in cash records $183,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,179/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Condo
Built in 1985
1,306 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victoria Bonhomme • HomeSmart
Mls Name: CRMLS
Mls ID: #219141888PS