3601 Melody LnPalm SpringsCA92262
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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 3601 Melody Ln, Palm Springs, CA, 92262 earns $756/mo cash flow from $4,276/mo rent with a $2,785/mo payment. Total monthly income totals $4,276/mo, and annual cash flow totals $9,072/yr on $187,201 capital. ROI tracks 24.91% on current figures, and rental yield reads 9.02% at a $569,000 purchase. Equity gained on principal adds $3,672/yr, and 5% annual appreciation supports $157,204 over five years. Five-year ROI reaches 129.63% and total cumulative return in cash sums $242,675. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,276/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92262, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,725 (100%) |
| Owner Occupied HU | 8,475 (43.0%) |
| Renter Occupied HU | 6,025 (30.5%) |
| Vacant Housing Units | 5,225 (26.5%) |
| Median Home Value | $778,535 |
| Average Home Value | $846,527 |
Housing Distribution
Address Breakdown
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
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Listed by: The Morgner Group • Equity Union
Mls Name: CLAW
Mls ID: #25627475PS