1114 McKinley St, Lake Elsinore, CA, 92530 | $321/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1114 McKinley St, Lake Elsinore, CA, 92530 | $321/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
784 sft

29 Via Pamplona, Rancho Santa Margarita, CA, 92688

1 Bed
1 Bath
578 sft

33852 Del Obispo St UNIT 27, Dana Point, CA, 92629

3 Bed
2 Bath
1338 sft

15510 Rose St, Lake Elsinore, CA, 92530

1 Bed
1 Bath
715 sft

47 Largo St, Laguna Niguel, CA, 92677

Nearby investment properties with comparable prices

2 Bed
2 Bath
1009 sft

2113 Via Puerta UNIT Q, Laguna Woods, CA, 92637

2 Bed
1 Bath
940 sft

65 Calle Aragon UNIT F, Laguna Woods, CA, 92637

1 Bed
1 Bath
510 sft

4 Pica Flor, Rancho Santa Margarita, CA, 92688

1 Bed
1 Bath
800 sft

33831 Camino Capistrano SPACE 27, San Juan Capistrano, CA, 92675

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lake Elsinore at 1114 McKinley St, Lake Elsinore, CA, 92530 offers a 8.3% rental yield on a $438,000 purchase with $3,031/mo rent. Total monthly income registers $3,031/mo, and a $2,144/mo payment leaves $321/mo available for distribution. Annual cash flow reaches $3,855/yr on $145,197 to close, and return on cash invested stands at 22.56% in year one. Equity gained on principal adds $2,826/yr while 5% annual appreciation supports $121,011 over five years. Portfolio math shows five-year ROI at 117.1% and total cumulative return in cash at $170,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,031/mo property income against a $2,144/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1980

3,485 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 2-bathroom single-family home in North Lake Elsinore. Nestled just minutes from the Ortega Highway and scenic Lake Elsinore, this turnkey property offers easy access to boating, wakeboarding, fishing, and lakeside fun. The Open Floorplan features Spacious living and dining areas with central heating and cooling, that ensure comfort year-round . Paid for Solar will keep electricity bills affordable, especially this summer. The fully Updated Kitchen is Equipped with rich granite countertops, stainless steel appliances, a sleek new sink, contemporary fixtures, and plentiful cabinetry. Other Upgrades include Luxury vinyl Plank flooring, freshly painted interior, raised-panel doors, and granite vanities in both bathrooms. The main floor bedroom is perfect for guests or as an office. The low maintenace back yard is ideal for outdoor cooking, yard games, and relaxation. Enjoy the best of Lake Elsinore living with nearby boating, wakeboarding, fishing, and swimming, take in a game at The Storm Stadium, plus local parks, schools, shopping, dining, and entertainment, all just minutes away. Easy access to Interstate 15 and Ortega Highway makes commuting a breeze.Located in one of the fastest-growing communities in Southern California, this turnkey home is a smart buy for first-time homeowners, investors, or anyone ready to enjoy a vibrant, lake-centered lifestyle.

Neighborhood Data

Neighborhood data shown for ZIP Code: 92530, Lake Elsinore, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,602 (100%)
Owner Occupied HU	12,181 (62.1%)
Renter Occupied HU	6,569 (33.5%)
Vacant Housing Units	852 ( 4.3%)
Median Home Value	$565,012
Average Home Value	$584,170