11949 Riverside Dr SPACE 38, Lakeside, CA, 92040 | $186/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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11949 Riverside Dr SPACE 38, Lakeside, CA, 92040 | $186/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lakeside at 11949 Riverside Dr SPACE 38, Lakeside, CA, 92040 listed at $259,000 pairs $1,789/mo rent with a $1,268/mo payment to leave $186/mo cash flow. Total monthly income runs $1,789/mo, and annual cash flow reaches $2,237/yr on $85,859 cash to close. Return on cash invested measures 22.51% in year one, and rental yield registers 8.29% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 116.83% and total cumulative return in cash totals $100,312. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,789/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

Golf Course Living in Willowbrook Estates! Located right on the golf course in the highly desired Willowbrook Estates 55+ community, this well-maintained 3-bedroom, 2-bath home offers both comfort and convenience. Enjoy the peaceful setting from your large wraparound deck, perfect for relaxing or entertaining. Inside, youll find vaulted ceilings, a bright and open floor plan, a rock fireplace, an Island in the kitchen and the bonus of all appliances conveying with the sale. The home also features side-by-side parking and a large storage shed for added space. Residents of Willowbrook Estates enjoy a welcoming community atmosphere with amenities that include an on-site restaurant offering delicious meals at reasonable prices. Dont miss this opportunity for easy, low-maintenance living in one of the areas most sought-after 55+ neighborhoods!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92040, Lakeside, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,189 (100%)
Owner Occupied HU	10,150 (62.7%)
Renter Occupied HU	5,457 (33.7%)
Vacant Housing Units	582 ( 3.6%)
Median Home Value	$781,088
Average Home Value	$792,534