280 Via RenecaPalm DesertCA92260
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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 Desert at 280 Via Reneca, Palm Desert, CA, 92260 with 5% annual appreciation on a $306,000 basis while $3,292/mo rent supports operations. Total monthly income totals $3,292/mo and a $1,498/mo payment preserves $656/mo for cash returns. Annual cash flow comes to $7,878/yr on $101,439 deployed, and return on cash invested reaches 27.67% in year one. Equity gained on principal adds $1,975/yr, and five-year appreciation sums $84,542 alongside rental yield of 12.91%. Five-year ROI measures 147.68% and total cumulative return in cash totals $149,808.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,292/mo property income versus a $1,498/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1983
N/A lot
$N/A/sqft
$550 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92260, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,760 (100%) |
| Owner Occupied HU | 9,676 (44.5%) |
| Renter Occupied HU | 5,739 (26.4%) |
| Vacant Housing Units | 6,345 (29.2%) |
| Median Home Value | $637,429 |
| Average Home Value | $680,264 |
Housing Distribution
Address Breakdown
Residential
18,983
Single Family
17,282
Multi-Family
1,701
Businesses
1,827
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Listed by: Jim Bottrell • eXp of Greater Los Angeles, Inc
Mls Name: My State MLS
Mls ID: #11582314