835 N Farrell DrPalm SpringsCA92262
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Palm Springs at 835 N Farrell Dr, Palm Springs, CA, 92262 offers $5,461/mo rent that, after a $4,887/mo payment. Total monthly income is $5,461/mo. Return on cash invested measures 17.45% in year one, and rental yield stands at 6.56% at a $998,500 entry. Equity gained on principal adds $6,443/yr while 5% annual appreciation compounds into $275,867 by year five. Five-year ROI records 89.6% and total cumulative return in cash reaches $294,349. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,461/mo property income versus a $4,887/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92262, Palm Springs, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,725 (100%) |
| Owner Occupied HU | 8,475 (43.0%) |
| Renter Occupied HU | 6,025 (30.5%) |
| Vacant Housing Units | 5,225 (26.5%) |
| Median Home Value | $778,535 |
| Average Home Value | $846,527 |
Housing Distribution
Address Breakdown
Residential
15,931
Single Family
14,634
Multi-Family
1,297
Businesses
1,444
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Listed by: Brady Sandahl • Keller Williams Luxury Homes
Mls Name: CLAW
Mls ID: #25614293PS