6230 E Driver RdPalm SpringsCA92264
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6230 E Driver Rd, Palm Springs, CA, 92264 in Palm Springs speaks for itself: 13.96% gross on a $450,999 price, generating $5,246/mo in rent and $1,871/mo in net income after the $2,028/mo debt service. DSCR 2.59, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $22,457 stacks alongside $124,603 in projected five-year appreciation and $4,154/yr in principal reduction. Projected total cumulative return: $293,980.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14% | 5.2% |
| Monthly Cash Flow | $1,871 | $28,000 |
City averages based on Palm Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,246 |
| Total Monthly Debt Service | $3,196 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
N/A lot
$N/A/sqft
$585 monthly 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
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
Condo
Built in 1972
N/A lot
$N/A/sqft
$585 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices