42242 Omar PlPalm 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 42242 Omar Pl, Palm Desert, CA, 92211 listed at $465,000 pairs $4,014/mo rent with a $2,276/mo payment to leave $1,137/mo cash flow. Total monthly income runs $4,014/mo, and annual cash flow reaches $13,648/yr on $154,148 cash to close. Return on cash invested measures 28.76% in year one, and rental yield registers 10.36% at a $465,000 basis. Equity gained on principal adds $3,001/yr, and annual property appreciation at 5% supports $128,471 by year five. Five-year ROI tracks 150.32% and total cumulative return in cash totals $231,719. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,014/mo property income relative to a $2,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
0.07 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: Reina Turner • eXp Realty of California, Inc.
Mls Name: CRMLS
Mls ID: #219138849PS