50 GrenacheRancho MirageCA92270
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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 Rancho Mirage at 50 Grenache, Rancho Mirage, CA, 92270 priced at $669,000 converts $5,659/mo rent into $1,521/mo cash flow after a $3,274/mo obligation. Total monthly income equals $5,659/mo, and annual cash flow totals $18,250/yr on $220,101 invested. Return on cash invested prints 28.35% in year one, and rental yield reads 10.15% against a $669,000 entry. Equity gained on principal adds $4,317/yr, while 5% annual appreciation compiles into $184,832 by year five. Five-year ROI reaches 148.07% and total cumulative return in cash sums $325,911. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,659/mo property income covering a $3,274/mo payment, not borrower’s personal income.
Single Family
Built in 2021
5,671 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92270, Rancho Mirage, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,976 (100%) |
| Owner Occupied HU | 7,579 (50.6%) |
| Renter Occupied HU | 1,650 (11.0%) |
| Vacant Housing Units | 5,747 (38.4%) |
| Median Home Value | $829,985 |
| Average Home Value | $903,654 |
Housing Distribution
Address Breakdown
Residential
13,463
Single Family
11,994
Multi-Family
1,469
Businesses
995
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Listed by: Becky Johnson • Larson Desert Realty
Mls Name: CLAW
Mls ID: #25588965PS