61849 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 61849 Alta Mesa Dr, Joshua Tree, CA, 92252 offers a 11.85% rental yield on a $305,000 purchase with $3,012/mo rent. Total monthly income registers $3,012/mo, and a $1,493/mo payment leaves $1,125/mo available for distribution. Annual cash flow reaches $13,500/yr on $101,108 to close, and return on cash invested stands at 33.26% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 174.48% and total cumulative return in cash at $176,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,012/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.40 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: Christopher Rubio • Rubio Real Estate
Mls Name: CRMLS
Mls ID: #DW25134187