24055 Paseo Del Lago UNIT 1402, Laguna Woods, CA, 92637 | $1,303/mo Cash Flow

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24055 Paseo Del Lago UNIT 1402, Laguna Woods, CA, 92637 | $1,303/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 Laguna Woods at 24055 Paseo Del Lago UNIT 1402, Laguna Woods, CA, 92637 generates $3,932/mo in rent and, after a $2,080/mo payment, leaves $1,303/mo in cash flow. Total monthly income is $3,932/mo, and annual cash flow is $15,636/yr on $140,888 invested. Return on cash invested sits at 31.01% in year one, and rental yield is 11.1% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 162.38% and total cumulative return in cash sums $228,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,932/mo property income rather than buyer’s personal income.

Condo

Built in 1974

1,200 sqft lot

$N/A/sqft

No HOA

More details about the property

This condo is located in the popular SENIOR community of Laguna Woods. Highly sought after 14th floor penthouse at the Towers with STUNNING views to the South! This home is the POPULAR "C" plan featuring 2 bedrooms & 2 bathrooms. This condo is GEORGEOUS. The REMODELED KITCHEN features modern dark cabinets, a water purifying system, stainless refrigerator, stone countertops, custom backsplash, hidden pull-up/out workstation & hidden trash cans. The huge living room has a custom marble wall with fireplace plus wall to wall windows/sliders to a step out balcony. The large master bedroom has a walk-in closet, additional closet which is perfect for a compact office and en-suite bathroom. Both bedrooms have sliders to the step out balcony. Both bathrooms have been remodeled with vanities and custom tiled showers. There are even smooth ceilings throughout the home. The window coverings feature motorized blinds. There is extra storage with more closets in the entry. Located in Laguna Woods, a SENIOR age 55 and over community, the Towers monthly fee includes a $500 dining dollars per month to use in the dining rooms that offer breakfast, lunch and dinner; housekeeping twice a month, electricity, trash, water, basic cable, gym and on-site activities. Living in Laguna Woods means access to bus system around the community, to area shopping, restaurants, medical facilities; 5 pools & 4 hot tubs; 27-hole golf course, tennis, library, state-of-the art crafts facility, 7 clubhouses, 200+ clubs, 3 fitness centers, theater, horseback riding/stables, garden centers, basketball, billiards, bocce ball, Emeritus classes & more! One occupant must be at least 55 years old.

Neighborhood Data

Neighborhood data shown for ZIP Code: 92637, Laguna Hills, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,457 (100%)
Owner Occupied HU	8,708 (64.7%)
Renter Occupied HU	3,376 (25.1%)
Vacant Housing Units	1,373 (10.2%)
Median Home Value	$452,652
Average Home Value	$635,748