38550 22nd St E UNIT 4PalmdaleCA93550
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 38550 22nd St E UNIT 4, Palmdale, CA, 93550 in Palmdale hard to pass up. The 19.62% gross yield on a $289,000 purchase results in $4,726/mo in rent and $2,938/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.64). Annual cash flow of $35,253, five-year appreciation of $79,845, and $2,662/yr in equity build-up combine for a projected total cumulative return of $298,636.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.6% | 5.8% |
| Monthly Cash Flow | $2,938 | $285 |
City averages based on Palmdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,726 |
| Total Monthly Debt Service | $1,673 |
| DSCR Ratio | 2.83x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
1,306 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1987
1,306 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices