73307 Phoebe CtPalm 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 73307 Phoebe Ct, Palm Desert, CA, 92260 earns $1,993/mo cash flow from $6,911/mo rent with a $3,891/mo payment. Total monthly income totals $6,911/mo, and annual cash flow totals $23,917/yr on $261,555 capital. ROI tracks 29.2% on current figures, and rental yield reads 10.43% at a $795,000 purchase. Equity gained on principal adds $5,130/yr, and 5% annual appreciation supports $219,644 over five years. Five-year ROI reaches 152.66% and total cumulative return in cash sums $399,298. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,911/mo property income instead of your personal income.
Condo
Built in 1977
5,227 sqft lot
$N/A/sqft
No HOA
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
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Listed by: Jaimee Linder • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219142200DA