69398 Salem RdCathedral CityCA92234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 69398 Salem Rd, Cathedral City, CA, 92234 uses $177,331 cash to close to unlock $16,049/yr annual cash flow and $1,337/mo monthly cash flow. Total monthly income runs $4,726/mo, and a $2,638/mo payment keeps the spread at $1,337/mo. Purchase price stands at $539,000, and rental yield measures 10.52% with $4,726/mo rent. Return on cash invested shows 29.11% in year one, and 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 152.29% and total cumulative return in cash records $270,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,726/mo property income covering a $2,638/mo payment rather than investor’s personal income.
Single Family
Built in 1991
7,405 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: Evan Gill • Compass
Mls Name: SDMLS
Mls Provider:
Mls ID: #240017310
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