314 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 314 Villena Way, Palm Desert, CA, 92260 priced at $599,000 pairs $3,609/mo rent with after a $2,932/mo payment. Total monthly income equals $3,609/mo. Return on cash invested is 19.47% in year one, and rental yield stands at 7.23% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 100.46% and total cumulative return in cash reaches $197,986. For financing, Ziffy Mortgage’s DSCR program evaluates $3,609/mo property income against a $2,932/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: Kara Handy • Engel & Voelkers La Canada
Mls Name: CRMLS
Mls ID: #P1-25618