503 Palm WayNeedlesCA92363
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
Rental property for sale in Needles at 503 Palm Way, Needles, CA, 92363 offers $1,518/mo rent that, after a $925/mo payment, leaves $349/mo cash flow. Total monthly income is $1,518/mo, and annual cash flow is $4,186/yr on $62,654 cash. Return on cash invested measures 26.59% in year one, and rental yield stands at 9.64% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 138.66% and total cumulative return in cash reaches $86,878. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,518/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92363, Needles, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,839 (100%) |
| Owner Occupied HU | 1,238 (32.2%) |
| Renter Occupied HU | 1,128 (29.4%) |
| Vacant Housing Units | 1,473 (38.4%) |
| Median Home Value | $136,389 |
| Average Home Value | $189,269 |
Housing Distribution
Address Breakdown
Residential
2,109
Single Family
1,769
Multi-Family
340
Businesses
274
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Listed by: Kimberli Willis • River Sisters Realty
Mls Name: CRMLS
Mls ID: #JT25186304