6 Park Mirage LnRancho MirageCA92270
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rancho Mirage at 6 Park Mirage Ln, Rancho Mirage, CA, 92270 with 5% annual appreciation on a $839,000 basis while $7,705/mo rent supports operations. Total monthly income totals $7,705/mo and a $4,106/mo payment preserves $2,515/mo for cash returns. Annual cash flow comes to $30,183/yr on $276,031 deployed, and return on cash invested reaches 31% in year one. Equity gained on principal adds $5,414/yr, and five-year appreciation sums $231,800 alongside rental yield of 11.02%. Five-year ROI measures 162.26% and total cumulative return in cash totals $447,900.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,705/mo property income versus a $4,106/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92270, Rancho Mirage, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,976 (100%) |
| Owner Occupied HU | 7,579 (50.6%) |
| Renter Occupied HU | 1,650 (11.0%) |
| Vacant Housing Units | 5,747 (38.4%) |
| Median Home Value | $829,985 |
| Average Home Value | $903,654 |
Housing Distribution
Address Breakdown
Residential
13,463
Single Family
11,994
Multi-Family
1,469
Businesses
995
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amirah Halum • Compass
Mls Name: CRMLS
Mls ID: #219138886DA