73700 Grapevine St APT 14Palm 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 73700 Grapevine St APT 14, Palm Desert, CA, 92260 earns $565/mo cash flow from $3,856/mo rent with a $2,604/mo payment. Total monthly income totals $3,856/mo, and annual cash flow totals $6,778/yr on $175,028 capital. ROI tracks 23.93% on current figures, and rental yield reads 8.7% at a $532,000 purchase. Equity gained on principal adds $3,433/yr, and 5% annual appreciation supports $146,982 over five years. Five-year ROI reaches 124.38% and total cumulative return in cash sums $217,702. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,856/mo property income instead of your personal income.
Condo
Built in 1964
1,742 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: Lori Ebeling • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #219140797DA