861 N Village SqPalm SpringsCA92262
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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 Palm Springs at 861 N Village Sq, Palm Springs, CA, 92262 priced at $349,999 pairs $2,395/mo rent with $230/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,395/mo, and annual cash flow comes to $2,759/yr on $116,025 invested. Return on cash invested is 22.29% in year one, and rental yield stands at 8.21% on a $349,999 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,698 by year five. Five-year ROI measures 115.58% and total cumulative return in cash reaches $134,102. For financing, Ziffy Mortgage’s DSCR program evaluates $2,395/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
N/A 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: Shane Dailey • Cal Mutual Inc
Mls Name: CLAW
Mls ID: #25628009