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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Palm Springs at 2857 N Los Felices Rd UNIT 203, Palm Springs, CA, 92262 uses $79,229 cash to close to unlock $5,463/yr annual cash flow and $455/mo monthly cash flow. Total monthly income runs $1,934/mo, and a $1,170/mo payment keeps the spread at $455/mo. Purchase price stands at $239,000, and rental yield measures 9.71% with $1,934/mo rent. Return on cash invested shows 26.8% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 139.86% and total cumulative return in cash records $110,808. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,934/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Condo
Built in 1981
9.10 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 92262, Palm Springs, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,725 (100%) |
| Owner Occupied HU | 8,475 (43.0%) |
| Renter Occupied HU | 6,025 (30.5%) |
| Vacant Housing Units | 5,225 (26.5%) |
| Median Home Value | $778,535 |
| Average Home Value | $846,527 |
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: James Kirtley • eXp Realty of Southern California, Inc
Mls Name: CRMLS
Mls ID: #219139266PS
