3323 Andreas Hills DrPalm 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 3323 Andreas Hills Dr, Palm Springs, CA, 92264 uses $271,425 cash to close to unlock $8,260/yr annual cash flow and $688/mo monthly cash flow. Total monthly income runs $5,792/mo, and a $4,038/mo payment keeps the spread at $688/mo. Purchase price stands at $825,000, and rental yield measures 8.42% with $5,792/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 119.94% and total cumulative return in cash records $325,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,792/mo property income covering a $4,038/mo payment rather than investor’s personal income.
Condo
Built in 1974
4,356 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: Paige Brown • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219133624DA