23288 Orange Ave APT 5, Lake Forest, CA, 92630 | $452/mo Cash Flow

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23288 Orange Ave APT 5, Lake Forest, CA, 92630 | $452/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

Rental property for sale in Lake Forest at 23288 Orange Ave APT 5, Lake Forest, CA, 92630 generates $2,771/mo in rent and, after a $1,835/mo payment, leaves $452/mo in cash flow. Total monthly income is $2,771/mo, and annual cash flow is $5,419/yr on $124,313 invested. Return on cash invested sits at 24.27% in year one, and rental yield is 8.87% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 126.22% and total cumulative return in cash sums $156,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,771/mo property income rather than buyer’s personal income.

Condo

Built in 1980

N/A lot

$N/A/sqft

No HOA

More details about the property

Look no further than this charming 1 bed, 1 bath condo in the Aliso Creek Villas of Lake Forest. This home features updated vinyl flooring, an open living area, and a private patio. The spacious Primary bedroom offers an en-suite and walk-in closet. Laundry closet includes washer/dryer. Enjoy access to three community pools and a playground. This property is centrally located and close to nearby shopping centers, the Lake Forest Golf Course, and the 5 Freeway. This is a great opportunity to own a home at a great price!

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