910 Island Dr APT 402Rancho MirageCA92270
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
Investment property for sale in Rancho Mirage at 910 Island Dr APT 402, Rancho Mirage, CA, 92270 listed at $675,000 pairs $7,328/mo rent with a $3,304/mo payment to leave $3,152/mo cash flow. Total monthly income runs $7,328/mo, and annual cash flow reaches $37,825/yr on $222,075 cash to close. Return on cash invested measures 37.09% in year one, and rental yield registers 13.03% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 194.97% and total cumulative return in cash totals $432,975. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,328/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
0.63 sqft lot
$N/A/sqft
No 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 |
Housing Distribution
Address Breakdown
Residential
13,463
Single Family
11,994
Multi-Family
1,469
Businesses
995
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Manning • Bennion Deville Homes
Mls Name: CRMLS
Mls ID: #219137994DA