51905 Avenida VelascoLa QuintaCA92253
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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
Investment property for sale in La Quinta at 51905 Avenida Velasco, La Quinta, CA, 92253 uses $164,258 cash to close to unlock $5,388/yr annual cash flow and $449/mo monthly cash flow. Total monthly income runs $3,514/mo, and a $2,425/mo payment keeps the spread at $449/mo. Purchase price stands at $495,500, and rental yield measures 8.51% with $3,514/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $136,898 over five years. Five-year ROI reaches 120.41% and total cumulative return in cash records $197,783. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,514/mo property income covering a $2,425/mo payment rather than investor’s personal income.
Single Family
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92253, La Quinta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,388 (100%) |
| Owner Occupied HU | 11,982 (49.1%) |
| Renter Occupied HU | 4,101 (16.8%) |
| Vacant Housing Units | 8,305 (34.1%) |
| Median Home Value | $718,724 |
| Average Home Value | $832,590 |
Housing Distribution
Address Breakdown
Residential
21,080
Single Family
18,511
Multi-Family
2,569
Businesses
658
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Listed by: Heather Partida • Berkshire Hathaway HomeServices California Properties
Mls Name: Greater Palm Springs Realtors
Mls ID: #219141374