6724 Greenwood CirPalm SpringsCA92264
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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 Palm Springs at 6724 Greenwood Cir, Palm Springs, CA, 92264 offers a 7.71% rental yield on a $454,000 purchase with $2,916/mo rent. Total monthly income registers $2,916/mo, and a $2,222/mo payment leaves $108/mo available for distribution. Annual cash flow reaches $1,291/yr on $150,501 to close, and return on cash invested stands at 20.77% in year one. Equity gained on principal adds $2,930/yr while 5% annual appreciation supports $125,432 over five years. Portfolio math shows five-year ROI at 107.44% and total cumulative return in cash at $161,702. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,916/mo property income against a $2,222/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
3,049 sqft lot
$N/A/sqft
No 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
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Listed by: Mike + Maria Patakas Team • Desert Sotheby's International Realty
Mls Name: CRMLS
Mls ID: #219138565DA