15980 Grand Ave SPC M22Lake 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 15980 Grand Ave SPC M22, Lake Elsinore, CA, 92530 uses $97,793 cash to close to unlock $13,067/yr annual cash flow and $1,089/mo monthly cash flow. Total monthly income runs $2,914/mo, and a $1,444/mo payment keeps the spread at $1,089/mo. Purchase price stands at $295,000, and rental yield measures 11.85% with $2,914/mo rent. Return on cash invested shows 33.27% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 174.49% and total cumulative return in cash records $170,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,914/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Manufactured
Built in 2010
9.73 Acres 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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