72491 El Paseo #1103Palm DesertCA92260
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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 Palm Desert at 72491 El Paseo #1103, Palm Desert, CA, 92260 listed at $700,000 pairs $5,881/mo rent with a $3,426/mo payment to leave $435/mo cash flow. Total monthly income runs $5,881/mo, and annual cash flow reaches $5,219/yr on $230,300 cash to close. Return on cash invested measures 22.33% in year one, and rental yield registers 10.08% at a $700,000 basis. Equity gained on principal adds $4,517/yr, and annual property appreciation at 5% supports $193,397 by year five. Five-year ROI tracks 117.87% and total cumulative return in cash totals $271,456. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,881/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1965
2,178 sqft lot
$N/A/sqft
$945 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 92260, Palm Desert, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,760 (100%) |
| Owner Occupied HU | 9,676 (44.5%) |
| Renter Occupied HU | 5,739 (26.4%) |
| Vacant Housing Units | 6,345 (29.2%) |
| Median Home Value | $637,429 |
| Average Home Value | $680,264 |
Housing Distribution
Address Breakdown
Residential
18,983
Single Family
17,282
Multi-Family
1,701
Businesses
1,827
Price History
Date | Event | Price |
|---|---|---|
| 2024-06-21 | Price change | $700,000 |
| 2024-05-03 | Listed for sale | $725,000 |
| 2021-04-09 | Sold | $555,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $7302.72 | 2.27% | $561,816 | 48.86% |
| 2022-08-15 | $7140.70 | 45.61% | $377,400 | 2.00% |
| 2021-08-15 | $4903.88 | 35.79% | $370,000 | 27.05% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1965
- Architectural Style: Modern
- Building Area: N/A
- Living Area: 1,300 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Central, Forced Air, Natural Gas
- Cooling: Central Air
- Flooring: Tile
- Interior Features: Block Walls, Recessed Lighting, Open Floorplan, Living Room, All Bedrooms Down, Main Floor Bedroom, Breakfast Counter / Bar, Eating Area In Dining Room
- Exterior Features: N/A
- Parking Features: Assigned, Detached Carport
Location
- City: Palm Desert
- State: CA
- Subdivision: Sandpiper Palm Deser
- Lot Size: 2,178 sqft
- Lot Features: Sprinkler System, Planned Unit Development
- View: Mountain(s), Pool, Park/Greenbelt
HOA & Fees
- HOA Fee: $945 monthly
- Association Fee: $945 monthly
- Fees & Dues: N/A
- Association Amenities: Maintenance Grounds, Trash
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: The Hamilton Real Estate Group • Coldwell Banker Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #219110627DA
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information