288 Desert Falls Dr EPalm DesertCA92211
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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 288 Desert Falls Dr E, Palm Desert, CA, 92211 uses $142,214 cash to close to unlock $6,670/yr annual cash flow and $556/mo monthly cash flow. Total monthly income runs $3,210/mo, and a $2,100/mo payment keeps the spread at $556/mo. Purchase price stands at $429,000, and rental yield measures 8.98% with $3,210/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 127.99% and total cumulative return in cash records $182,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,210/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92211, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,925 (52.9%) |
| Renter Occupied HU | 3,408 (16.5%) |
| Vacant Housing Units | 6,329 (30.6%) |
| Median Home Value | $670,705 |
| Average Home Value | $749,259 |
Housing Distribution
Address Breakdown
Residential
18,789
Single Family
17,457
Multi-Family
1,332
Businesses
1,343
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Listed by: Lynn Flaherty • Showcase Homes, Inc.
Mls Name: CRMLS
Mls ID: #219139857DA