57 Conejo CirPalm DesertCA92260
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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 Desert at 57 Conejo Cir, Palm Desert, CA, 92260 uses $226,681 cash to close to unlock $21,948/yr annual cash flow and $1,829/mo monthly cash flow. Total monthly income runs $6,091/mo, and a $3,372/mo payment keeps the spread at $1,829/mo. Purchase price stands at $689,000, and rental yield measures 10.61% with $6,091/mo rent. Return on cash invested shows 29.74% in year one, and 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 155.56% and total cumulative return in cash records $352,614. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,091/mo property income covering a $3,372/mo payment rather than investor’s personal income.
Condo
Built in 1985
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92260, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,760 (100%) |
| Owner Occupied HU | 9,676 (44.5%) |
| Renter Occupied HU | 5,739 (26.4%) |
| Vacant Housing Units | 6,345 (29.2%) |
| Median Home Value | $637,429 |
| Average Home Value | $680,264 |
Housing Distribution
Address Breakdown
Residential
18,983
Single Family
17,282
Multi-Family
1,701
Businesses
1,827
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Listed by: Henry Pselos • Keller Williams Realty
Mls Name: CRMLS
Mls ID: #219134614DA