403 Desert Lakes DrPalm SpringsCA92264
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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 Palm Springs at 403 Desert Lakes Dr, Palm Springs, CA, 92264 earns $2,288/mo cash flow from $6,364/mo rent with a $3,225/mo payment. Total monthly income totals $6,364/mo, and annual cash flow totals $27,453/yr on $216,811 capital. ROI tracks 32.72% on current figures, and rental yield reads 11.59% at a $659,000 purchase. Equity gained on principal adds $4,252/yr, and 5% annual appreciation supports $182,070 over five years. Five-year ROI reaches 171.51% and total cumulative return in cash sums $371,863. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,364/mo property income instead of your personal income.
Condo
Built in 1972
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92264, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,232 (100%) |
| Owner Occupied HU | 7,604 (44.1%) |
| Renter Occupied HU | 3,765 (21.8%) |
| Vacant Housing Units | 5,863 (34.0%) |
| Median Home Value | $783,643 |
| Average Home Value | $857,965 |
Housing Distribution
Address Breakdown
Residential
14,188
Single Family
13,345
Multi-Family
843
Businesses
690
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Listed by: Luca Volpe • Realty Trust
Mls Name: CRMLS
Mls ID: #219135973PS