6087 Montecito Cir UNIT 7Palm 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 6087 Montecito Cir UNIT 7, Palm Springs, CA, 92264 generates $3,572/mo in rent and, after a $2,080/mo payment, leaves $943/mo in cash flow. Total monthly income is $3,572/mo, and annual cash flow is $11,316/yr on $140,888 invested. Return on cash invested sits at 27.94% in year one, and rental yield is 10.09% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 145.93% and total cumulative return in cash sums $205,601. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,572/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: Christina Cook • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219140308PS