331 Sandpiper StPalm 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 331 Sandpiper St, Palm Desert, CA, 92260 priced at $585,000 converts $3,994/mo rent into $375/mo cash flow after a $2,863/mo obligation. Total monthly income equals $3,994/mo, and annual cash flow totals $4,504/yr on $192,465 invested. Return on cash invested prints 22.4% in year one, and rental yield reads 8.19% against a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation compiles into $161,625 by year five. Five-year ROI reaches 116.17% and total cumulative return in cash sums $223,590. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,994/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Condo
Built in 1960
1,742 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: Darren Shay • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #219135797PS