44489 Sorrento CtPalm DesertCA92260
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
Investment Highlights
Total monthly income runs $3,857/mo, and a $2,878/mo payment. Purchase price stands at $588,000, and rental yield measures 7.87% with $3,857/mo rent. Return on cash invested shows 18.13% in year one, and 5% annual appreciation builds toward $162,454 over five years. Five-year ROI reaches 94.49% and total cumulative return in cash records $182,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,857/mo property income covering a $2,878/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$530 monthly 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: Catherine Joubert • Coldwell Banker Realty
Mls Name: CDAR/ Desert Area MLS
Mls Provider:
Mls ID: #219126355
Disclaimer: Copyright California Desert Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.