38550 22nd St E UNIT 4PalmdaleCA93550
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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 38550 22nd St E UNIT 4, Palmdale, CA, 93550 uses $95,804 cash to close to unlock $35,252/yr annual cash flow and $2,938/mo monthly cash flow. Total monthly income runs $4,726/mo, and a $1,415/mo payment keeps the spread at $2,938/mo. Purchase price stands at $289,000, and rental yield measures 19.62% with $4,726/mo rent. Return on cash invested shows 56.71% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 300.17% and total cumulative return in cash records $287,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,726/mo property income covering a $1,415/mo payment rather than investor’s personal income.
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
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Listed by: Richard Cure • Rodeo Realty, Inc.
Mls Name: GAVAR
Mls Provider:
Mls ID: #24005585
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.