672 La Quinta DrBanningCA92220
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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 Banning at 672 La Quinta Dr, Banning, CA, 92220 priced at $294,500 converts $1,951/mo rent into $130/mo cash flow after a $1,441/mo obligation. Total monthly income equals $1,951/mo, and annual cash flow totals $1,555/yr on $97,627 invested. Return on cash invested prints 21.5% in year one, and rental yield reads 7.95% against a $294,500 entry. Equity gained on principal adds $1,900/yr, while 5% annual appreciation compiles into $81,365 by year five. Five-year ROI reaches 111.39% and total cumulative return in cash sums $108,745. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,951/mo property income covering a $1,441/mo payment, not borrower’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92220, Banning, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,184 (100%) |
| Owner Occupied HU | 9,545 (67.3%) |
| Renter Occupied HU | 3,802 (26.8%) |
| Vacant Housing Units | 837 ( 5.9%) |
| Median Home Value | $444,674 |
| Average Home Value | $504,781 |
Housing Distribution
Address Breakdown
Residential
12,885
Single Family
12,559
Multi-Family
326
Businesses
695
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Listed by: Carolyn Burton • CENTURY 21 LOIS LAUER REALTY
Mls Name: CRMLS
Mls ID: #IG25097954