36964 Spanish Broom DrPalmdaleCA93550
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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 Palmdale at 36964 Spanish Broom Dr, Palmdale, CA, 93550 uses $155,805 cash to close to unlock $13,007/yr annual cash flow and $1,084/mo monthly cash flow. Total monthly income runs $3,991/mo, and a $2,300/mo payment keeps the spread at $1,084/mo. Purchase price stands at $470,000, and rental yield measures 10.19% with $3,991/mo rent. Return on cash invested shows 28.26% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 147.6% and total cumulative return in cash records $229,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,991/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 1983
5,955 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93550, Palmdale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,509 (100%) |
| Owner Occupied HU | 12,705 (51.8%) |
| Renter Occupied HU | 10,969 (44.8%) |
| Vacant Housing Units | 835 ( 3.4%) |
| Median Home Value | $366,064 |
| Average Home Value | $444,424 |
Housing Distribution
Address Breakdown
Residential
23,372
Single Family
19,165
Multi-Family
4,207
Businesses
1,540
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Listed by: MARK AVERBECK • CALIFORNIA REALTY SOLUTIONS
Mls Name: CRMLS
Mls ID: #IV25165481