24701 Raymond Way SPACE 217, Lake Forest, CA, 92630 | $256/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 217, Lake Forest, CA, 92630 | $256/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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

Rental property for sale in Lake Forest at 24701 Raymond Way SPACE 217, Lake Forest, CA, 92630 generates $1,957/mo in rent and, after a $1,346/mo payment, leaves $256/mo in cash flow. Total monthly income is $1,957/mo, and annual cash flow is $3,069/yr on $91,163 invested. Return on cash invested sits at 23.28% in year one, and rental yield is 8.54% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 120.89% and total cumulative return in cash sums $110,207. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,957/mo property income rather than buyer’s personal income.

Manufactured

Built in 1978

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully Remodeled 2-Bedroom Bendix Home with Open Floorplan This charming 1978 Bendix features 2 bedrooms, 2 bathrooms, a spacious dining room, and a welcoming living room with a cozy fireplace. The home has been tastefully upgraded throughout, including laminate flooring and an open, modern layout that enhances both flow and natural light. The upgraded kitchen offers seating for six at the counter, perfect for casual meals or entertaining guests. Just outside, enjoy a lovely veranda overlooking the lush walkway leading to the clubhouse and community areas. On the other side of the home, there's ample patio space for outdoor dining and barbecues, making this the ideal home for relaxing or hosting gatherings. Located in one of Lake Forest's most desirable senior communities, this beautifully maintained home combines comfort, convenience, and a welcoming neighborhood atmosphere - just steps from the clubhouse and pool

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