Latitude 61 Plan 1 Plan, Latitude 61Palm 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 Latitude 61 Plan 1 Plan, Latitude 61, Palm Springs, CA, 92262 generates $2,240/mo in rent, after a $5,114/mo payment. Total monthly income is $2,240/mo. Return on cash invested sits at 4.76% in year one, and rental yield is 2.57% on a $1,044,850 entry. Equity gained on principal adds $6,742/yr, while 5% annual appreciation builds toward $288,673 over five years. Five-year ROI reaches 21.74% and total cumulative return in cash sums $73,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,240/mo property income rather than buyer’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
$180 monthly 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: N/A • GHA Companies
Mls Name: GHA Companies
Mls ID: #N/A