70260 Highway 111 SPACE 148Rancho MirageCA92270
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 Rancho Mirage at 70260 Highway 111 SPACE 148, Rancho Mirage, CA, 92270 listed at $125,000 pairs $984/mo rent with a $612/mo payment to leave $211/mo cash flow. Total monthly income runs $984/mo, and annual cash flow reaches $2,526/yr on $41,438 cash to close. Return on cash invested measures 26.01% in year one, and rental yield registers 9.45% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 135.57% and total cumulative return in cash totals $56,177. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $984/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1960
4,735 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Ackert • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219131226DA