296 E Avenida GranadaPalm 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
Rental property for sale in Palm Springs at 296 E Avenida Granada, Palm Springs, CA, 92264 priced at $970,000 converts $4,373/mo rent into after a $4,748/mo obligation. Total monthly income equals $4,373/mo. Return on cash invested prints 10.89% in year one, and rental yield reads 5.41% against a $970,000 entry. Equity gained on principal adds $6,259/yr, while 5% annual appreciation compiles into $267,993 by year five. Five-year ROI reaches 55.53% and total cumulative return in cash sums $177,209. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,373/mo property income covering a $4,748/mo payment, not borrower’s personal income.
Condo
Built in 1963
3,049 sqft lot
$N/A/sqft
$475 monthly 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: Brady Sandahl • Keller Williams Luxury Homes
Mls Name: CLAW
Mls Provider:
Mls ID: #24-474067
Disclaimer: 2024 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 2024-01-24 14:45:40 PST. 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.