40990 Paxton Dr UNIT 7Rancho MirageCA92270
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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 Rancho Mirage at 40990 Paxton Dr UNIT 7, Rancho Mirage, CA, 92270 generates $4,403/mo in rent and, after a $2,756/mo payment, leaves $920/mo in cash flow. Total monthly income is $4,403/mo, and annual cash flow is $11,037/yr on $185,227 invested. Return on cash invested sits at 26.02% in year one, and rental yield is 9.38% on a $563,000 entry. Equity gained on principal adds $3,633/yr, while 5% annual appreciation builds toward $155,547 over five years. Five-year ROI reaches 135.58% and total cumulative return in cash sums $251,123. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,403/mo property income rather than buyer’s personal income.
Condo
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92270, Rancho Mirage, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,976 (100%) |
| Owner Occupied HU | 7,579 (50.6%) |
| Renter Occupied HU | 1,650 (11.0%) |
| Vacant Housing Units | 5,747 (38.4%) |
| Median Home Value | $829,985 |
| Average Home Value | $903,654 |
Housing Distribution
Address Breakdown
Residential
13,463
Single Family
11,994
Multi-Family
1,469
Businesses
995
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Listed by: BRENDHAN SPRINGE • SOTHEBY'S INTERNATIONAL REALTY
Mls Name: CRMLS
Mls ID: #IG25266767