24296 Insignia DrMenifeeCA92584
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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 Menifee at 24296 Insignia Dr, Menifee, CA, 92584 uses $226,352 cash to close to unlock $940/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $4,334/mo, and a $3,367/mo payment keeps the spread at $78/mo. Purchase price stands at $688,000, and rental yield measures 7.56% with $4,334/mo rent. Return on cash invested shows 20.48% in year one, and 5% annual appreciation builds toward $190,082 over five years. Five-year ROI reaches 105.85% and total cumulative return in cash records $239,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,334/mo property income covering a $3,367/mo payment rather than investor’s personal income.
Single Family
Built in 2022
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92584, Menifee, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,873 (100%) |
| Owner Occupied HU | 16,913 (77.3%) |
| Renter Occupied HU | 3,457 (15.8%) |
| Vacant Housing Units | 1,503 ( 6.9%) |
| Median Home Value | $612,119 |
| Average Home Value | $626,783 |
Housing Distribution
Address Breakdown
Residential
20,190
Single Family
19,638
Multi-Family
552
Businesses
334
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Listed by: Tram Duong • Professional R.E. Center, Inc.
Mls Name: CRMLS
Mls ID: #PW25274102