943 S 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
Investment property for sale in Palm Springs at 943 S Village Sq, Palm Springs, CA, 92262 uses $159,783 cash to close to unlock $9,773/yr annual cash flow and $814/mo monthly cash flow. Total monthly income runs $3,796/mo, and a $2,359/mo payment keeps the spread at $814/mo. Purchase price stands at $482,000, and rental yield measures 9.45% with $3,796/mo rent. Return on cash invested shows 26.03% in year one, and 5% annual appreciation builds toward $133,168 over five years. Five-year ROI reaches 135.65% and total cumulative return in cash records $216,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,796/mo property income covering a $2,359/mo payment rather than investor’s personal income.
Single Family
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: Charles D Banfield • Realty Trust
Mls Name: Greater Palm Springs Realtors
Mls ID: #219133547