24363 Briggs RdMenifeeCA92585
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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 24363 Briggs Rd, Menifee, CA, 92585 offers a 7.6% rental yield on a $475,000 purchase with $3,008/mo rent. Total monthly income registers $3,008/mo, and a $2,325/mo payment leaves $69/mo available for distribution. Annual cash flow reaches $833/yr on $157,463 to close, and return on cash invested stands at 20.44% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 105.68% and total cumulative return in cash at $166,411. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,008/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1970
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92585, Sun City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,572 (100%) |
| Owner Occupied HU | 7,659 (80.0%) |
| Renter Occupied HU | 1,572 (16.4%) |
| Vacant Housing Units | 341 ( 3.6%) |
| Median Home Value | $567,723 |
| Average Home Value | $612,127 |
Housing Distribution
Address Breakdown
Residential
8,937
Single Family
8,937
Multi-Family
0
Businesses
159
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Listed by: Maricarmen Pulido Ruiz • The Real Estate Firm
Mls Name: CRMLS
Mls ID: #SW26000395