69563 Midpark DrDesert Hot SpringsCA92241
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
Rental property for sale in Desert Hot Springs at 69563 Midpark Dr, Desert Hot Springs, CA, 92241 priced at $219,000 converts $2,108/mo rent into $753/mo cash flow after a $1,072/mo obligation. Total monthly income equals $2,108/mo, and annual cash flow totals $9,037/yr on $72,599 invested. Return on cash invested prints 32.36% in year one, and rental yield reads 11.55% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. Five-year ROI reaches 169.65% and total cumulative return in cash sums $123,165. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,108/mo property income covering a $1,072/mo payment, not borrower’s personal income.
Manufactured
Built in 1973
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92241, Desert Hot Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,279 (100%) |
| Owner Occupied HU | 3,079 (49.0%) |
| Renter Occupied HU | 858 (13.7%) |
| Vacant Housing Units | 2,342 (37.3%) |
| Median Home Value | $203,000 |
| Average Home Value | $332,688 |
Housing Distribution
Address Breakdown
Residential
4,503
Single Family
4,456
Multi-Family
47
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Greer • Greer Viney Group
Mls Name: CLAW
Mls ID: #24-366883