40660 E La Costa CirPalm DesertCA92211
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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 Desert at 40660 E La Costa Cir, Palm Desert, CA, 92211 offers a 8.3% rental yield on a $415,000 purchase with $2,870/mo rent. Total monthly income registers $2,870/mo, and a $2,031/mo payment leaves $303/mo available for distribution. Annual cash flow reaches $3,635/yr on $137,573 to close, and return on cash invested stands at 22.55% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 116.99% and total cumulative return in cash at $160,941. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,870/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92211, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,925 (52.9%) |
| Renter Occupied HU | 3,408 (16.5%) |
| Vacant Housing Units | 6,329 (30.6%) |
| Median Home Value | $670,705 |
| Average Home Value | $749,259 |
Housing Distribution
Address Breakdown
Residential
18,789
Single Family
17,457
Multi-Family
1,332
Businesses
1,343
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Listed by: Marcelo Lopez Mariel • Equity Union
Mls Name: CRMLS
Mls ID: #219140200DA