54180 Avenida CortezLa QuintaCA92253
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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 La Quinta at 54180 Avenida Cortez, La Quinta, CA, 92253 uses $117,683 cash to close to unlock $4,205/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $2,547/mo, and a $1,738/mo payment keeps the spread at $350/mo. Purchase price stands at $355,000, and rental yield measures 8.61% with $2,547/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 122.02% and total cumulative return in cash records $143,592. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,547/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1988
5,227 sqft 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: Maria Richards • Weichert Realtors-Preferred
Mls Name: CRMLS
Mls ID: #219139808DA