35 Palma DrRancho MirageCA92270
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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 Rancho Mirage at 35 Palma Dr, Rancho Mirage, CA, 92270 with 5% annual appreciation on a $589,000 basis while $3,519/mo rent supports operations. 78% in year one. Equity gained on principal adds $3,801/yr, and five-year appreciation sums $162,730 alongside rental yield of 7.17%. Five-year ROI measures 71.96% and total cumulative return in cash totals $139,454. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,519/mo property income versus a $2,883/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1975
N/A lot
$N/A/sqft
$889 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92270, Rancho Mirage, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,976 (100%) |
| Owner Occupied HU | 7,579 (50.6%) |
| Renter Occupied HU | 1,650 (11.0%) |
| Vacant Housing Units | 5,747 (38.4%) |
| Median Home Value | $829,985 |
| Average Home Value | $903,654 |
Housing Distribution
Address Breakdown
Residential
13,463
Single Family
11,994
Multi-Family
1,469
Businesses
995
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Listed by: Stella Phillips • Stella Phillips
Mls Name: CDAR/ Desert Area MLS
Mls Provider:
Mls ID: #219127327
Disclaimer: Copyright California Desert Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.