40 Joya DrPalm DesertCA92260
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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
Investment Highlights
Investment property for sale in Palm Desert at 40 Joya Dr, Palm Desert, CA, 92260 at $699,000 posts ROI 24.27% with $807/mo cash flow from $5,131/mo rent. Total monthly income equals $5,131/mo, and annual cash flow records $9,685/yr on $229,971 to close. Return on cash invested measures 24.27% and rental yield reads 8.81% at the current $699,000. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 by year five. Five-year ROI prints 126.21% and total cumulative return in cash totals $290,258.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,131/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1982
3,485 sqft 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: Steven Karash • Equity Union
Mls Name: CRMLS
Mls ID: #219132510DA