461 Paseo Del CorazonPalm 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
Rental property for sale in Palm Desert at 461 Paseo Del Corazon, Palm Desert, CA, 92211 offers $4,190/mo rent that, after a $3,079/mo payment, leaves $299/mo cash flow. Total monthly income is $4,190/mo, and annual cash flow is $3,582/yr on $206,941 cash. Return on cash invested measures 21.79% in year one, and rental yield stands at 7.99% at a $629,000 entry. Equity gained on principal adds $4,059/yr while 5% annual appreciation compounds into $173,781 by year five. Five-year ROI records 112.91% and total cumulative return in cash reaches $233,649. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,190/mo property income versus a $3,079/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2015
2,729 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: Richard Kendzierski • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #219133192DA