150 E Lakeshore Dr UNIT 59Lake ElsinoreCA92530
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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
Investment property for sale in Lake Elsinore at 150 E Lakeshore Dr UNIT 59, Lake Elsinore, CA, 92530 listed at $179,000 pairs $1,362/mo rent with a $876/mo payment to leave $255/mo cash flow. Total monthly income runs $1,362/mo, and annual cash flow reaches $3,057/yr on $59,339 cash to close. Return on cash invested measures 25.06% in year one, and rental yield registers 9.13% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 130.48% and total cumulative return in cash totals $77,427. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,362/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,298
Single Family
17,734
Multi-Family
564
Businesses
1,161
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Listed by: Calvin Lam • KELLER WILLIAMS COVINA
Mls Name: CRMLS
Mls ID: #CV25190728