24458 Preston CtLake 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 24458 Preston Ct, Lake Elsinore, CA, 92532 uses $233,590 cash to close to unlock $4,115/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $4,735/mo, and a $3,475/mo payment keeps the spread at $343/mo. Purchase price stands at $710,000, and rental yield measures 8% with $4,735/mo rent. Return on cash invested shows 21.82% in year one, and 5% annual appreciation builds toward $196,160 over five years. Five-year ROI reaches 113.06% and total cumulative return in cash records $264,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,735/mo property income covering a $3,475/mo payment rather than investor’s personal income.
Single Family
Built in 2017
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: Jason Parson • Parson Realty
Mls Name: CRMLS
Mls ID: #SW25185698