42585 Granite PlPalm DesertCA92260
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 42585 Granite Pl, Palm Desert, CA, 92260 in Palm Desert at $220,800 earns $1,514/mo in rent and nets $148/mo after the $993/mo payment, a 8.23% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $61,003 over five years. Ziffy Mortgage underwrites this on a 1.52 DSCR without U.S. credit history. With $2,034/yr in principal paydown, total projected return reaches $93,253.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 4.2% |
| Monthly Cash Flow | $148 | $1,850 |
City averages based on Palm Desert market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,514 |
| Total Monthly Debt Service | $1,278 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1979
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92260, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,760 (100%) |
| Owner Occupied HU | 9,676 (44.5%) |
| Renter Occupied HU | 5,739 (26.4%) |
| Vacant Housing Units | 6,345 (29.2%) |
| Median Home Value | $637,429 |
| Average Home Value | $680,264 |
Housing Distribution
Address Breakdown
Residential
18,983
Single Family
17,282
Multi-Family
1,701
Businesses
1,827
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1979
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92260, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,760 (100%) |
| Owner Occupied HU | 9,676 (44.5%) |
| Renter Occupied HU | 5,739 (26.4%) |
| Vacant Housing Units | 6,345 (29.2%) |
| Median Home Value | $637,429 |
| Average Home Value | $680,264 |
Housing Distribution
Address Breakdown
Residential
18,983
Single Family
17,282
Multi-Family
1,701
Businesses
1,827
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sylvia Gaffney • Desert Sands Realty
Mls Name: CRMLS
Mls ID: #219133661DA