413 Forest Hills DrRancho 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 413 Forest Hills Dr, Rancho Mirage, CA, 92270 priced at $270,000 pairs $1,868/mo rent with $197/mo cash flow after a $1,322/mo payment. Total monthly income equals $1,868/mo, and annual cash flow comes to $2,367/yr on $89,505 invested. Return on cash invested is 22.55% in year one, and rental yield stands at 8.3% on a $270,000 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,596 by year five. Five-year ROI measures 117.06% and total cumulative return in cash reaches $104,773. For financing, Ziffy Mortgage’s DSCR program evaluates $1,868/mo property income against a $1,322/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1981
0.02 sqft 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: Marlene Ruttenberg • Desert Properties Realtors
Mls Name: CRMLS
Mls ID: #219141284DA