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6 Florence Drive — Desert Hot Springs | Belmont Brokerage | Belmont Brokerage

Active

+5 more

$40,000

727 DOM

— bd— ba— sqft

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6 Florence Dr Desert Hot Springs, CA 92240

7,405sqft lot

SELLER MOTIVATED!! Located in Desert Hot Springs. Build, Build, Build! This Vacant Residential Land is located within the R-2 Zoning District. A maximum of two residential dwelling units (i.e., duplexes) located on a single legal lot or RM (Multiple Residential) Zoning District. Lot Area is 7,405. Utilities Are Nearby. No Water Meter. No Gas Meter. Subject property is located in a special flood hazard area and it located within 1 mile of commercial use zone.

MLS 24382051

760-844-7500 (Office) 760-534-4117 (Cell) GabbySerrano1@gmail.com

Est. payment

$256/mo

Principal & interestTaxesInsurance

$202$42$12

Down %

Rate %

Years

Down payment: $8,000 · Total cost: $80,814

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$256/mo

Principal & interest: $202
Est. property tax: $42
Est. insurance: $12
Down payment: $8,000

Est. gross rent$167/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-89/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Apr 18, 2024	$50,000	—

Facts & Features

Transaction Data

▼Price Reduced from $50,000 (−$10,000)

760-844-7500 (Office) 760-534-4117 (Cell) GabbySerrano1@gmail.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

6 Florence Drive, Desert Hot Springs, CA 92240

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Call

6 Florence Dr Desert Hot Springs, CA 92240

About this home

Gabriela Serrano

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Gabriela Serrano

Sale & Tax History

No Recent Sales History

Location

6 Florence Drive, Desert Hot Springs, CA 92240

About This Property

Property Photos

Location

Listing Agent

Presented by Belmont Brokerage Inc.

6 Florence Dr Desert Hot Springs, CA 92240

About this home

Gabriela Serrano

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Gabriela Serrano

Sale & Tax History

No Recent Sales History

Location