990 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 990 N Village Sq, Palm Springs, CA, 92262 priced at $549,000 pairs $4,166/mo rent with $770/mo cash flow after a $2,687/mo payment. Total monthly income equals $4,166/mo, and annual cash flow comes to $9,238/yr on $180,621 invested. Return on cash invested is 25.18% in year one, and rental yield stands at 9.11% on a $549,000 basis. Equity gained on principal adds $3,543/yr, and 5% annual appreciation accumulates to $151,679 by year five. Five-year ROI measures 131.05% and total cumulative return in cash reaches $236,696. For financing, Ziffy Mortgage’s DSCR program evaluates $4,166/mo property income against a $2,687/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
2,178 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
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Listed by: Ryan Cummings • Sotheby's International Realty
Mls Name: CRMLS
Mls ID: #219138157PS