68680 Sharpless RdCathedral 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 68680 Sharpless Rd, Cathedral City, CA, 92234 earns $11/mo cash flow from $3,970/mo rent with a $3,132/mo payment. Total monthly income totals $3,970/mo, and annual cash flow totals $136/yr on $210,560 capital. ROI tracks 20.12% on current figures, and rental yield reads 7.44% at a $640,000 purchase. Equity gained on principal adds $4,130/yr, and 5% annual appreciation supports $176,820 over five years. Five-year ROI reaches 103.98% and total cumulative return in cash sums $218,934. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,970/mo property income instead of your personal income.
Single Family
Built in 1963
0.27 Acres 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: Lisa Strohm • Palm Desert Greens Real Estate
Mls Name: CRMLS
Mls ID: #219136485DA