538 E Miraleste CtPalm SpringsCA92262
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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
Investment property for sale in Palm Springs at 538 E Miraleste Ct, Palm Springs, CA, 92262 with 5% annual appreciation on a $1,999,999 basis while $8,130/mo rent supports operations. 51% in year one. Equity gained on principal adds $12,906/yr, and five-year appreciation sums $552,563 alongside rental yield of 4.88%. Five-year ROI measures 63.08% and total cumulative return in cash totals $408,763. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,130/mo property income versus a $9,789/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92262, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,725 (100%) |
| Owner Occupied HU | 8,475 (43.0%) |
| Renter Occupied HU | 6,025 (30.5%) |
| Vacant Housing Units | 5,225 (26.5%) |
| Median Home Value | $778,535 |
| Average Home Value | $846,527 |
Housing Distribution
Address Breakdown
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
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Listed by: Joseph Sardella • eXp Realty Of Southern California Inc
Mls Name: CRMLS
Mls ID: #219124257DA