7 Tulane CtRancho MirageCA92270
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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
Rental property for sale in Rancho Mirage at 7 Tulane Ct, Rancho Mirage, CA, 92270 priced at $1,930,200 converts $5,984/mo rent into after a $9,447/mo obligation. Total monthly income equals $5,984/mo. Return on cash invested prints 5.66% in year one, and rental yield reads 3.72% against a $1,930,200 entry. Equity gained on principal adds $12,455/yr, while 5% annual appreciation compiles into $533,279 by year five. Five-year ROI reaches 27.52% and total cumulative return in cash sums $172,133. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,984/mo property income covering a $9,447/mo payment, not borrower’s personal income.
Single Family
Built in 1980
N/A lot
$N/A/sqft
$1,709 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92270, Rancho Mirage, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,976 (100%) |
| Owner Occupied HU | 7,579 (50.6%) |
| Renter Occupied HU | 1,650 (11.0%) |
| Vacant Housing Units | 5,747 (38.4%) |
| Median Home Value | $829,985 |
| Average Home Value | $903,654 |
Housing Distribution
Address Breakdown
Residential
13,463
Single Family
11,994
Multi-Family
1,469
Businesses
995
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Listed by: Campbell Crane Team • Equity Union
Mls Name: CDAR/ Desert Area MLS
Mls Provider:
Mls ID: #219126532
Disclaimer: Copyright California Desert Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.