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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 2891 Medina Ct, Palm Springs, CA, 92264 listed at $865,000 pairs $5,833/mo rent with a $4,234/mo payment. Total monthly income runs $5,833/mo. Return on cash invested measures 18.29% in year one, and rental yield registers 8.09% at a $865,000 basis. Equity gained on principal adds $5,582/yr, and annual property appreciation at 5% supports $238,984 by year five. Five-year ROI tracks 95.51% and total cumulative return in cash totals $271,803. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,833/mo property income relative to a $4,234/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$766 monthly HOA
Neighborhood data shown for ZIP Code: 92264, Palm Springs, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,232 (100%) |
| Owner Occupied HU | 7,604 (44.1%) |
| Renter Occupied HU | 3,765 (21.8%) |
| Vacant Housing Units | 5,863 (34.0%) |
| Median Home Value | $783,643 |
| Average Home Value | $857,965 |
Residential
14,188
Single Family
13,345
Multi-Family
843
Businesses
690
Date | Event | Price |
|---|---|---|
| 2025-09-26 | Sold | $865,000 |
| 2025-08-08 | Contingent | $899,999 |
| 2025-07-31 | Price change | $899,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-10-10 | N/A | N/A | $658,274 | 2.00% |
| 2024-10-10 | $8100.80 | -1.85% | $645,368 | 2.00% |
| 2023-10-10 | $8253.34 | -0.12% | $632,714 | 2.00% |
Listed by: Kathryn Tomasino • Keller Williams Luxury Homes
Mls Name: CLAW
Mls Provider:
Mls ID: #24-431851
Disclaimer: 2025 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2025-10-10 00:05:23 PDT. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
