24429 Payton DrLake ElsinoreCA92532
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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 Lake Elsinore at 24429 Payton Dr, Lake Elsinore, CA, 92532 listed at $644,999 pairs $4,206/mo rent with a $3,157/mo payment to leave $216/mo cash flow. Total monthly income runs $4,206/mo, and annual cash flow reaches $2,591/yr on $212,205 cash to close. Return on cash invested measures 21.28% in year one, and rental yield registers 7.83% at a $644,999 basis. Equity gained on principal adds $4,162/yr, and annual property appreciation at 5% supports $178,201 by year five. Five-year ROI tracks 110.15% and total cumulative return in cash totals $233,752. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,206/mo property income relative to a $3,157/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92532, Lake Elsinore, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,273 (100%) |
| Owner Occupied HU | 6,172 (74.6%) |
| Renter Occupied HU | 1,840 (22.2%) |
| Vacant Housing Units | 261 ( 3.2%) |
| Median Home Value | $612,722 |
| Average Home Value | $629,523 |
Housing Distribution
Address Breakdown
Residential
7,922
Single Family
7,573
Multi-Family
349
Businesses
217
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Listed by: Salvador Correa • Impact Real Estate
Mls Name: CRMLS
Mls ID: #SW25133647