6032 Montecito Dr UNIT 5Palm SpringsCA92264
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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 Springs at 6032 Montecito Dr UNIT 5, Palm Springs, CA, 92264 generates $3,533/mo in rent and, after a $1,835/mo payment, leaves $1,214/mo in cash flow. Total monthly income is $3,533/mo, and annual cash flow is $14,563/yr on $124,313 invested. Return on cash invested sits at 31.62% in year one, and rental yield is 11.31% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 165.67% and total cumulative return in cash sums $205,947. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,533/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92264, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,232 (100%) |
| Owner Occupied HU | 7,604 (44.1%) |
| Renter Occupied HU | 3,765 (21.8%) |
| Vacant Housing Units | 5,863 (34.0%) |
| Median Home Value | $783,643 |
| Average Home Value | $857,965 |
Housing Distribution
Address Breakdown
Residential
14,188
Single Family
13,345
Multi-Family
843
Businesses
690
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Listed by: Jonathan Olow • The GreenHouse Group Inc
Mls Name: CLAW
Mls ID: #25618385PS