67676 Lagos WayCathedral CityCA92234
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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 Cathedral City at 67676 Lagos Way, Cathedral City, CA, 92234 uses $112,942 cash to close to unlock $5,470/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $3,176/mo, and a $1,668/mo payment keeps the spread at $456/mo. Purchase price stands at $340,700, and rental yield measures 11.19% with $3,176/mo rent. Return on cash invested shows 24.75% in year one, and 5% annual appreciation builds toward $94,129 over five years. Five-year ROI reaches 131.16% and total cumulative return in cash records $148,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,176/mo property income covering a $1,668/mo payment rather than investor’s personal income.
Condo
Built in 1986
1,742 sqft lot
$N/A/sqft
$580 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92234, Cathedral City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,545 (100%) |
| Owner Occupied HU | 12,100 (51.4%) |
| Renter Occupied HU | 6,816 (28.9%) |
| Vacant Housing Units | 4,629 (19.7%) |
| Median Home Value | $574,412 |
| Average Home Value | $608,642 |
Housing Distribution
Address Breakdown
Residential
20,456
Single Family
18,885
Multi-Family
1,571
Businesses
990
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