20702 El Toro Rd APT 243, Lake Forest, CA, 92630 | $246/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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20702 El Toro Rd APT 243, Lake Forest, CA, 92630 | $246/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 Lake Forest at 20702 El Toro Rd APT 243, Lake Forest, CA, 92630 uses $136,578 cash to close to unlock $2,950/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,795/mo, and a $2,017/mo payment keeps the spread at $246/mo. Purchase price stands at $412,000, and rental yield measures 8.14% with $2,795/mo rent. Return on cash invested shows 22.07% in year one, and 5% annual appreciation builds toward $113,828 over five years. Five-year ROI reaches 114.42% and total cumulative return in cash records $156,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,795/mo property income covering a $2,017/mo payment rather than investor’s personal income.

Condo

Built in 1980

8.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your serene Lake Forest newly remodeled 1BR/ 1Bath retreat! This beautifully remodeled within the last two years, lower Level , Turn Key "As Is",1-bedroom, 1-bath condo in the peaceful Pheasant Creek community offers an open layout with stainless-steel appliances, beautiful flooring, newly painted , a private patio overlooking lush greenery and streams. Enjoy a spacious bedroom with a walk-in closet, an updated bathroom, in-unit laundry ,washer dryer, and a private garage Community amenities include pools, spas, tennis courts, and scenic walking paths. Conveniently located near parks, shopping, dining, and major freeways, this home blends comfort, style, and nature in one of Orange Countys best values. The low HOA dues cover water, trash, and exterior maintenance for low-maintenance living. This home is ideal for anyone seeking a peaceful retreat with convenient access to everything Lake Forest has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 92630, Lake Forest, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,999 (100%)
Owner Occupied HU	16,485 (65.9%)
Renter Occupied HU	7,887 (31.5%)
Vacant Housing Units	627 ( 2.5%)
Median Home Value	$956,523
Average Home Value	$1,036,021