221 Matich StLake 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
Rental property for sale in Lake Elsinore at 221 Matich St, Lake Elsinore, CA, 92530 priced at $499,999 converts $2,768/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,768/mo. Return on cash invested prints 17.56% in year one, and rental yield reads 6.64% against a $499,999 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 90.24% and total cumulative return in cash sums $149,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,768/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1963
6,098 sqft 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: Gloria Cruzado Valdez • Homequest Real Estate
Mls Name: CRMLS
Mls ID: #PW25191212