28 Lake Shore DrRancho MirageCA92270
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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 Rancho Mirage at 28 Lake Shore Dr, Rancho Mirage, CA, 92270 listed at $619,900 pairs $6,954/mo rent with a $3,034/mo payment to leave $2,127/mo cash flow. Total monthly income runs $6,954/mo, and annual cash flow reaches $25,527/yr on $203,947 cash to close. Return on cash invested measures 32.58% in year one, and rental yield registers 13.46% at a $619,900 basis. Equity gained on principal adds $4,000/yr, and annual property appreciation at 5% supports $171,267 by year five. Five-year ROI tracks 172.86% and total cumulative return in cash totals $352,544. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,954/mo property income relative to a $3,034/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
3,961 sqft lot
$N/A/sqft
$992 monthly 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: Ahu Kocaballi • eXp Realty of California, Inc.
Mls Name: CRMLS
Mls Provider:
Mls ID: #219114053DA
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information