29221 E Portales DrCathedral CityCA92234
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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 Cathedral City at 29221 E Portales Dr, Cathedral City, CA, 92234 listed at $290,000 pairs $2,049/mo rent with a $1,419/mo payment to leave $255/mo cash flow. Total monthly income runs $2,049/mo, and annual cash flow reaches $3,065/yr on $96,135 cash to close. Return on cash invested measures 23.1% in year one, and rental yield registers 8.48% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 119.96% and total cumulative return in cash totals $115,324. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,049/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92234, Cathedral City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,545 (100%) |
| Owner Occupied HU | 12,100 (51.4%) |
| Renter Occupied HU | 6,816 (28.9%) |
| Vacant Housing Units | 4,629 (19.7%) |
| Median Home Value | $574,412 |
| Average Home Value | $608,642 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
18,885
Multi-Family
1,571
Businesses
990
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Listed by: Samuel Ramos • Equity Union
Mls Name: CRMLS
Mls ID: #219141530PS