38610 Desert Mirage DrPalm DesertCA92260
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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
Rental property for sale in Palm Desert at 38610 Desert Mirage Dr, Palm Desert, CA, 92260 priced at $819,000 converts $7,355/mo rent into $2,288/mo cash flow after a $4,009/mo obligation. Total monthly income equals $7,355/mo, and annual cash flow totals $27,457/yr on $269,451 invested. Return on cash invested prints 30.25% in year one, and rental yield reads 10.78% against a $819,000 entry. Equity gained on principal adds $5,285/yr, while 5% annual appreciation compiles into $226,275 by year five. Five-year ROI reaches 158.27% and total cumulative return in cash sums $426,465. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,355/mo property income covering a $4,009/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92260, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,760 (100%) |
| Owner Occupied HU | 9,676 (44.5%) |
| Renter Occupied HU | 5,739 (26.4%) |
| Vacant Housing Units | 6,345 (29.2%) |
| Median Home Value | $637,429 |
| Average Home Value | $680,264 |
Housing Distribution
Address Breakdown
Residential
18,983
Single Family
17,282
Multi-Family
1,701
Businesses
1,827
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Listed by: Mark Freeman • Judy Graff Properties
Mls Name: CLAW
Mls ID: #25621185PS