671 E Arenas RdPalm SpringsCA92262
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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 671 E Arenas Rd, Palm Springs, CA, 92262 offers $4,007/mo rent that, after a $3,179/mo payment. Total monthly income is $4,007/mo. Return on cash invested measures 20% in year one, and rental yield stands at 7.4% at a $649,500 entry. Equity gained on principal adds $4,191/yr while 5% annual appreciation compounds into $179,445 by year five. Five-year ROI records 103.3% and total cumulative return in cash reaches $220,741. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,007/mo property income versus a $3,179/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2003
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92262, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,725 (100%) |
| Owner Occupied HU | 8,475 (43.0%) |
| Renter Occupied HU | 6,025 (30.5%) |
| Vacant Housing Units | 5,225 (26.5%) |
| Median Home Value | $778,535 |
| Average Home Value | $846,527 |
Housing Distribution
Address Breakdown
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
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Listed by: John McKenna • Windermere Real Estate
Mls Name: CRMLS
Mls ID: #219136924PS