2940 N Cypress RdPalm 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
Rental property for sale in Palm Springs at 2940 N Cypress Rd, Palm Springs, CA, 92262 generates $3,361/mo in rent and, after a $2,594/mo payment, leaves $82/mo in cash flow. Total monthly income is $3,361/mo, and annual cash flow is $989/yr on $174,370 invested. Return on cash invested sits at 20.63% in year one, and rental yield is 7.61% on a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 106.67% and total cumulative return in cash sums $185,995. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,361/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
10,018 sqft 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: Corine K Peralta • Phillips & Company The J.R. Phillips Group, Inc.
Mls Name: SDMLS
Mls ID: #2600364