49305 Highway 74 UNIT 7Palm DesertCA92260
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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 49305 Highway 74 UNIT 7, Palm Desert, CA, 92260 generates $1,599/mo in rent and, after a $1,121/mo payment, leaves $182/mo in cash flow. Total monthly income is $1,599/mo, and annual cash flow is $2,186/yr on $75,914 invested. Return on cash invested sits at 22.79% in year one, and rental yield is 8.38% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 118.34% and total cumulative return in cash sums $89,837. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,599/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
1,000 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
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Listed by: Richard MacMillan • HomeSmart
Mls Name: CRMLS
Mls ID: #219135297DA