3155 E Ramon Rd UNIT 904Palm 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
Investment property for sale in Palm Springs at 3155 E Ramon Rd UNIT 904, Palm Springs, CA, 92264 offers a 8.24% rental yield on a $449,000 purchase with $3,082/mo rent. Total monthly income registers $3,082/mo, and a $2,198/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,648/yr on $148,844 to close, and return on cash invested stands at 22.36% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 116.02% and total cumulative return in cash at $172,684. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,082/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
1,307 sqft 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: Nick Jarman • Equity Union
Mls Name: CRMLS
Mls ID: #219140548PS