6 Joya DrPalm 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
Rental property for sale in Palm Desert at 6 Joya Dr, Palm Desert, CA, 92260 priced at $699,000 pairs $6,394/mo rent with $2,070/mo cash flow after a $3,421/mo payment. Total monthly income equals $6,394/mo, and annual cash flow comes to $24,841/yr on $229,971 invested. Return on cash invested is 30.86% in year one, and rental yield stands at 10.98% on a $699,000 basis. Equity gained on principal adds $4,511/yr, and 5% annual appreciation accumulates to $193,121 by year five. Five-year ROI measures 161.55% and total cumulative return in cash reaches $371,522. For financing, Ziffy Mortgage’s DSCR program evaluates $6,394/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1982
3,485 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: Brady Sandahl • Keller Williams Luxury Homes
Mls Name: CLAW
Mls ID: #25591501PS