322 Lei DrPalm SpringsCA92264
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Nearby investment properties with comparable prices
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 322 Lei Dr, Palm Springs, CA, 92264 priced at $239,000 pairs $5,429/mo rent with $3,950/mo cash flow after a $1,170/mo payment. Total monthly income equals $5,429/mo, and annual cash flow comes to $47,403/yr on $79,229 invested. Return on cash invested is 79.74% in year one, and rental yield stands at 27.26% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 423.73% and total cumulative return in cash reaches $335,712. For financing, Ziffy Mortgage’s DSCR program evaluates $5,429/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1965
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: Andrew Shouse • BD Homes-The Paul Kaplan Group
Mls Name: CLAW
Mls Provider:
Mls ID: #24-426025
Disclaimer: 2024 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.