49305 Highway 74 SPACE 191, Palm Desert, CA, 92260 | $289/mo Cash Flow

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49305 Highway 74 SPACE 191, Palm Desert, CA, 92260 | $289/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Palm Desert at 49305 Highway 74 SPACE 191, Palm Desert, CA, 92260 offers a 8.6% rental yield on a $295,000 purchase with $2,114/mo rent. Total monthly income registers $2,114/mo, and a $1,444/mo payment leaves $289/mo available for distribution. Annual cash flow reaches $3,467/yr on $97,793 to close, and return on cash invested stands at 23.45% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 121.85% and total cumulative return in cash at $119,162. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,114/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1971

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully remodeled turn-key 2 bedroom 2 bath, 1440 sq ft open floor plan home in a 55+ community it offers the perfect blend of sophisticated comfort and style with the convenience of living just 2 miles from the iconic El Paseo Blvd where you can experience world-class shopping, dining and entertainment. Featuring stunning views of the San Jacinto mountains and Cahuila hills, two sides of this private home sit on the beautiful greenbelt meaning you only have neighbors on one side. The open floor plan and remodeled kitchen are perfect for entertaining. Located across the street from the heated community pool, clubhouse and Spa, guest parking is never an issue. In addition this home features a two year old roof, owned solar and is a short drive to premier golf courses, the living desert, College of the Desert, top-tier tennis events, and concerts. Whether you are looking for a primary residence or a part-time get-away look no further! Park approval is required prior to close of escrow.

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