80143 Miramonte LnLa QuintaCA92253
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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 La Quinta at 80143 Miramonte Ln, La Quinta, CA, 92253 generates $5,414/mo in rent, after a $7,244/mo payment. Total monthly income is $5,414/mo. Return on cash invested sits at 7.17% in year one, and rental yield is 4.39% on a $1,480,000 entry. Equity gained on principal adds $9,550/yr, while 5% annual appreciation builds toward $408,897 over five years. Five-year ROI reaches 35.85% and total cumulative return in cash sums $171,896. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,414/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
N/A lot
$N/A/sqft
$1,234 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92253, La Quinta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,388 (100%) |
| Owner Occupied HU | 11,982 (49.1%) |
| Renter Occupied HU | 4,101 (16.8%) |
| Vacant Housing Units | 8,305 (34.1%) |
| Median Home Value | $718,724 |
| Average Home Value | $832,590 |
Housing Distribution
Address Breakdown
Residential
21,080
Single Family
18,511
Multi-Family
2,569
Businesses
658
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Listed by: Kelly J Ramsay • Equity Union
Mls Name: CDAR/ Desert Area MLS
Mls Provider:
Mls ID: #219128418
Disclaimer: Copyright California Desert Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.