64291 Spyglass Ave UNIT 2Desert Hot SpringsCA92240
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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 Desert Hot Springs at 64291 Spyglass Ave UNIT 2, Desert Hot Springs, CA, 92240 offers a 9.14% rental yield on a $130,000 purchase with $990/mo rent. Total monthly income registers $990/mo, and a $636/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,233/yr on $43,095 to close, and return on cash invested stands at 25.09% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 130.77% and total cumulative return in cash at $56,355. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $990/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
469 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92240, Desert Hot Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,594 (100%) |
| Owner Occupied HU | 7,828 (50.2%) |
| Renter Occupied HU | 6,139 (39.4%) |
| Vacant Housing Units | 1,627 (10.4%) |
| Median Home Value | $337,088 |
| Average Home Value | $477,508 |
Housing Distribution
Address Breakdown
Residential
14,161
Single Family
13,172
Multi-Family
989
Businesses
496
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Listed by: Michael Valerio • HomeSmart
Mls Name: CRMLS
Mls ID: #219139356DA