314 E Stevens Rd APT 1Palm 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
Investment property for sale in Palm Springs at 314 E Stevens Rd APT 1, Palm Springs, CA, 92262 uses $84,533 cash to close to unlock $5,755/yr annual cash flow and $480/mo monthly cash flow. Total monthly income runs $2,057/mo, and a $1,248/mo payment keeps the spread at $480/mo. Purchase price stands at $255,000, and rental yield measures 9.68% with $2,057/mo rent. Return on cash invested shows 26.72% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 139.37% and total cumulative return in cash records $117,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,057/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1948
565 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: Blaine Cotton • Redfin Corporation
Mls Name: CRMLS
Mls ID: #219133362DA