2950 E Escoba Dr APT IPalm SpringsCA92264
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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 Springs at 2950 E Escoba Dr APT I, Palm Springs, CA, 92264 with 5% annual appreciation on a $495,000 basis while $4,354/mo rent supports operations. Total monthly income totals $4,354/mo and a $2,423/mo payment preserves $1,292/mo for cash returns. Annual cash flow comes to $15,499/yr on $164,093 deployed, and return on cash invested reaches 29.35% in year one. Equity gained on principal adds $3,194/yr, and five-year appreciation sums $136,759 alongside rental yield of 10.56%. Five-year ROI measures 153.48% and total cumulative return in cash totals $251,854.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,354/mo property income versus a $2,423/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1985
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92264, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,188
Single Family
13,345
Multi-Family
843
Businesses
690
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Listed by: Todd Anderson • Compass
Mls Name: CRMLS
Mls ID: #219134638PS