899 Island Dr APT 304, Rancho Mirage, CA, 92270 | $1,089/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Rancho Mirage at 899 Island Dr APT 304, Rancho Mirage, CA, 92270 offers a 11.41% rental yield on a $798,000 purchase with $7,588/mo rent. Total monthly income registers $7,588/mo, and a $3,906/mo payment leaves $1,089/mo available for distribution. Annual cash flow reaches $13,065/yr on $262,542 to close, and return on cash invested stands at 25.04% in year one. Equity gained on principal adds $5,149/yr while 5% annual appreciation supports $220,473 over five years. Portfolio math shows five-year ROI at 132.89% and total cumulative return in cash at $348,880. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,588/mo property income against a $3,906/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1973

2,613 sqft lot

$N/A/sqft

$1,365 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 92270, Rancho Mirage, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,976 (100%)
Owner Occupied HU	7,579 (50.6%)
Renter Occupied HU	1,650 (11.0%)
Vacant Housing Units	5,747 (38.4%)
Median Home Value	$829,985
Average Home Value	$903,654