68410 Paseo RealCathedral 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 68410 Paseo Real, Cathedral City, CA, 92234 uses $115,694 cash to close to unlock $15,914/yr annual cash flow and $1,326/mo monthly cash flow. Total monthly income runs $3,485/mo, and a $1,708/mo payment keeps the spread at $1,326/mo. Purchase price stands at $349,000, and rental yield measures 11.98% with $3,485/mo rent. Return on cash invested shows 33.66% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 176.63% and total cumulative return in cash records $204,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,485/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in 1976
1,306 sqft lot
$N/A/sqft
No 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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Listed by: Nicholas Baker • Links Real Estate
Mls Name: CRMLS
Mls ID: #219137887PS