874 Summit 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 874 Summit Dr, Palm Springs, CA, 92262 priced at $834,900 converts $5,764/mo rent into $600/mo cash flow after a $4,086/mo obligation. Total monthly income equals $5,764/mo, and annual cash flow totals $7,195/yr on $274,682 invested. Return on cash invested prints 22.68% in year one, and rental yield reads 8.28% against a $834,900 entry. Equity gained on principal adds $5,387/yr, while 5% annual appreciation compiles into $230,667 by year five. Five-year ROI reaches 117.67% and total cumulative return in cash sums $323,205. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,764/mo property income covering a $4,086/mo payment, not borrower’s personal income.
Single Family
Built in 2004
9,147 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Harper • Keller Williams Realty
Mls Name: CLAW
Mls ID: #25616077PS