303 Villena WayPalm DesertCA92260
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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 Desert at 303 Villena Way, Palm Desert, CA, 92260 priced at $486,000 pairs $3,590/mo rent with $583/mo cash flow after a $2,379/mo payment. Total monthly income equals $3,590/mo, and annual cash flow comes to $6,999/yr on $161,109 invested. Return on cash invested is 24.25% in year one, and rental yield stands at 8.86% on a $486,000 basis. Equity gained on principal adds $3,136/yr, and 5% annual appreciation accumulates to $134,273 by year five. Five-year ROI measures 126.16% and total cumulative return in cash reaches $203,248. For financing, Ziffy Mortgage’s DSCR program evaluates $3,590/mo property income against a $2,379/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1979
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92260, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,760 (100%) |
| Owner Occupied HU | 9,676 (44.5%) |
| Renter Occupied HU | 5,739 (26.4%) |
| Vacant Housing Units | 6,345 (29.2%) |
| Median Home Value | $637,429 |
| Average Home Value | $680,264 |
Housing Distribution
Address Breakdown
Residential
18,983
Single Family
17,282
Multi-Family
1,701
Businesses
1,827
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Listed by: Laura Marie • Coldwell Banker Realty
Mls Name: CLAW
Mls ID: #26632035