5289 E Lakeside DrPalm SpringsCA92264
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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 Springs at 5289 E Lakeside Dr, Palm Springs, CA, 92264 priced at $1,595,000 converts $6,406/mo rent into after a $7,807/mo obligation. Total monthly income equals $6,406/mo. Return on cash invested prints 12.33% in year one, and rental yield reads 4.82% against a $1,595,000 entry. Equity gained on principal adds $10,292/yr, while 5% annual appreciation compiles into $440,669 by year five. Five-year ROI reaches 62.11% and total cumulative return in cash sums $320,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,406/mo property income covering a $7,807/mo payment, not borrower’s personal income.
Single Family
Built in 1965
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92264, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,232 (100%) |
| Owner Occupied HU | 7,604 (44.1%) |
| Renter Occupied HU | 3,765 (21.8%) |
| Vacant Housing Units | 5,863 (34.0%) |
| Median Home Value | $783,643 |
| Average Home Value | $857,965 |
Housing Distribution
Address Breakdown
Residential
14,188
Single Family
13,345
Multi-Family
843
Businesses
690
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Listed by: Sara Swanson • BD Homes-The Paul Kaplan Group
Mls Name: CLAW
Mls ID: #26635007PS