28 Chandra LnRancho MirageCA92270
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
Rental property for sale in Rancho Mirage at 28 Chandra Ln, Rancho Mirage, CA, 92270 priced at $515,000 pairs $3,051/mo rent with after a $2,521/mo payment. Total monthly income equals $3,051/mo. Return on cash invested is 19.1% in year one, and rental yield stands at 7.11% on a $515,000 basis. Equity gained on principal adds $3,323/yr, and 5% annual appreciation accumulates to $142,285 by year five. Five-year ROI measures 98.48% and total cumulative return in cash reaches $166,861. For financing, Ziffy Mortgage’s DSCR program evaluates $3,051/mo property income against a $2,521/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92270, Rancho Mirage, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,976 (100%) |
| Owner Occupied HU | 7,579 (50.6%) |
| Renter Occupied HU | 1,650 (11.0%) |
| Vacant Housing Units | 5,747 (38.4%) |
| Median Home Value | $829,985 |
| Average Home Value | $903,654 |
Housing Distribution
Address Breakdown
Residential
13,463
Single Family
11,994
Multi-Family
1,469
Businesses
995
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Listed by: Cristina Bell Chaparro • Bennion Deville Homes
Mls Name: Greater Palm Springs Realtors
Mls ID: #219139476