78205 Cortez Ln UNIT 177Indian WellsCA92210
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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 Indian Wells at 78205 Cortez Ln UNIT 177, Indian Wells, CA, 92210 generates $2,713/mo in rent, after a $2,198/mo payment. Total monthly income is $2,713/mo. Return on cash invested sits at 15.47% in year one, and rental yield is 7.25% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 80.46% and total cumulative return in cash sums $119,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,713/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$486 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92210, Indian Wells, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,348 (100%) |
| Owner Occupied HU | 2,192 (41.0%) |
| Renter Occupied HU | 547 (10.2%) |
| Vacant Housing Units | 2,609 (48.8%) |
| Median Home Value | $952,437 |
| Average Home Value | $1,123,372 |
Housing Distribution
Address Breakdown
Residential
4,347
Single Family
4,055
Multi-Family
292
Businesses
137
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Listed by: Preston A King • Coldwell Banker Realty
Mls Name: CDAR/ Desert Area MLS
Mls Provider:
Mls ID: #219126644
Disclaimer: Copyright California Desert Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.