60460 Alta Mesa DrJoshua TreeCA92252
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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 Joshua Tree at 60460 Alta Mesa Dr, Joshua Tree, CA, 92252 uses $109,064 cash to close to unlock $10,728/yr annual cash flow and $894/mo monthly cash flow. Total monthly income runs $2,929/mo, and a $1,610/mo payment keeps the spread at $894/mo. Purchase price stands at $329,000, and rental yield measures 10.68% with $2,929/mo rent. Return on cash invested shows 29.75% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 155.63% and total cumulative return in cash records $169,737. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,929/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92252, Joshua Tree, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,360 (100%) |
| Owner Occupied HU | 2,434 (45.4%) |
| Renter Occupied HU | 1,310 (24.4%) |
| Vacant Housing Units | 1,616 (30.1%) |
| Median Home Value | $271,382 |
| Average Home Value | $370,452 |
Housing Distribution
Address Breakdown
Residential
3,572
Single Family
3,534
Multi-Family
38
Businesses
245
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Listed by: Nicholas Brous • Allison James Estates & Homes
Mls Name: CLAW
Mls ID: #26636325