262 Costa Mesa DrPalm 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
Investment property for sale in Palm Springs at 262 Costa Mesa Dr, Palm Springs, CA, 92264 with 5% annual appreciation on a $139,900 basis while $1,074/mo rent supports operations. Total monthly income totals $1,074/mo and a $685/mo payment preserves $208/mo for cash returns. Annual cash flow comes to $2,499/yr on $46,377 deployed, and return on cash invested reaches 25.3% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,652 alongside rental yield of 9.21%. Five-year ROI measures 131.81% and total cumulative return in cash totals $61,131.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,074/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1970
N/A 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
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Listed by: Larry LaFond • Housing Solutions Realty
Mls Name: CLAW
Mls ID: #26646179