2960 Lantana CtPalm 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 2960 Lantana Ct, Palm Springs, CA, 92264 priced at $1,199,000 pairs $4,566/mo rent with after a $5,869/mo payment. Total monthly income equals $4,566/mo. Return on cash invested is 11.56% in year one, and rental yield stands at 4.57% on a $1,199,000 basis. Equity gained on principal adds $7,737/yr, and 5% annual appreciation accumulates to $331,262 by year five. Five-year ROI measures 57.98% and total cumulative return in cash reaches $225,237. For financing, Ziffy Mortgage’s DSCR program evaluates $4,566/mo property income against a $5,869/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2005
N/A 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: Kathryn Tomasino • Keller Williams Luxury Homes
Mls Name: CLAW
Mls ID: #25620161PS