32505 Candlewood Dr UNIT 64Cathedral CityCA92234
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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 Cathedral City at 32505 Candlewood Dr UNIT 64, Cathedral City, CA, 92234 offers a 11.39% rental yield on a $265,000 purchase with $2,515/mo rent. Total monthly income registers $2,515/mo, and a $1,297/mo payment leaves $876/mo available for distribution. Annual cash flow reaches $10,508/yr on $87,848 to close, and return on cash invested stands at 31.87% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 166.98% and total cumulative return in cash at $146,691. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,515/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92234, Cathedral City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,545 (100%) |
| Owner Occupied HU | 12,100 (51.4%) |
| Renter Occupied HU | 6,816 (28.9%) |
| Vacant Housing Units | 4,629 (19.7%) |
| Median Home Value | $574,412 |
| Average Home Value | $608,642 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
18,885
Multi-Family
1,571
Businesses
990
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Listed by: Scott Stcyr • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219135161DA