24701 Raymond Way SPACE 182, Lake Forest, CA, 92630 | $1,884/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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24701 Raymond Way SPACE 182, Lake Forest, CA, 92630 | $1,884/mo Cash Flow | Ziffy

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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

Investment property for sale in Lake Forest at 24701 Raymond Way SPACE 182, Lake Forest, CA, 92630 earns $1,884/mo cash flow from $3,120/mo rent with a $978/mo payment. Total monthly income totals $3,120/mo, and annual cash flow totals $22,605/yr on $66,267 capital. ROI tracks 54.02% on current figures, and rental yield reads 18.73% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 285.75% and total cumulative return in cash sums $189,361. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,120/mo property income instead of your personal income.

Manufactured

Built in 1977

N/A lot

$N/A/sqft

No HOA

More details about the property

REHAB OPPORTUNITY! Located in Prothero Mobile Estates 55+ Mobile Home Park in Lake Forest. 1977 Triple-Wide Home with over 1,600 sq. ft. of Living Space, including 2 Bedrooms, 2 Full Bathrooms, A Large Living Room, plus a More Casual Family Room!! This home is a Fixer-Upper and offers an outstanding opportunity to buy into Prothero Mobile Estates at a Below Market Price and Renovate your Dream Home while creating future home value. Outside offers a Private Covered Porch, Low Maintenance Landscaping, Covered Parking for 2 Vehicles, and a Spacious Shed. The Inside features a Spacious Kitchen with a Breakfast Bar, All Appliances, and Ample Cabinets for Storage. The Kitchen opens onto the Family Room, making this space ideal for Relaxing get-togethers with Family and Friends. This Home also offers a Separate Laundry Room with cabinet storage and direct Access to the Carport. Prothero MHP is a Premier 55+ Mobile Home Park in Lake Forest with Full Amenities. It features a Beautiful Clubhouse, Sparkling Pool, Billiard Room, Full Kitchen, Gathering Room, and a Warm Fireplace. With the unbelievably Low Space Rent of only $1,035, this Home is bound to sell quickly. To qualify for the park's age requirements, at least one occupant must be 55 years of age or older and all other occupants must be 40 years of age or older. If you've been looking for an inexpensive way to get into Prothero Mobile Estates, don't wait, call today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92630, Lake Forest, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,999 (100%)
Owner Occupied HU	16,485 (65.9%)
Renter Occupied HU	7,887 (31.5%)
Vacant Housing Units	627 ( 2.5%)
Median Home Value	$956,523
Average Home Value	$1,036,021