51 Mission Palms DrRancho 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 51 Mission Palms Dr, Rancho Mirage, CA, 92270 generates $4,753/mo in rent, after a $6,259/mo payment. Total monthly income is $4,753/mo. Return on cash invested sits at 10.25% in year one, and rental yield is 4.46% on a $1,278,825 entry. Equity gained on principal adds $8,252/yr, while 5% annual appreciation builds toward $353,316 over five years. Five-year ROI reaches 51.32% and total cumulative return in cash sums $212,655. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,753/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
N/A lot
$N/A/sqft
$335 monthly 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: Anne M Alexander • Equity Union
Mls Name: Palm Springs Regional AOR
Mls Provider:
Mls ID: #219126563
Disclaimer: Copyright Palm Springs Regional Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.