2900 S Redwood DrPalm SpringsCA92262
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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
Total monthly income runs $4,493/mo, and a $3,744/mo payment. Purchase price stands at $765,000, and rental yield measures 7.05% with $4,493/mo rent. Return on cash invested shows 18.92% in year one, and 5% annual appreciation builds toward $211,355 over five years. Five-year ROI reaches 97.49% and total cumulative return in cash records $245,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,493/mo property income covering a $3,744/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92262, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
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Listed by: Darren Kuhn • Equity Union
Mls Name: CRMLS
Mls ID: #219140594PS