24701 Raymond Way SPC 247, Lake Forest, CA, 92630 | $210/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 SPC 247, Lake Forest, CA, 92630 | $210/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

Investment property for sale in Lake Forest at 24701 Raymond Way SPC 247, Lake Forest, CA, 92630 listed at $328,000 pairs $2,239/mo rent with a $1,605/mo payment to leave $210/mo cash flow. Total monthly income runs $2,239/mo, and annual cash flow reaches $2,524/yr on $108,732 cash to close. Return on cash invested measures 22.23% in year one, and rental yield registers 8.19% at a $328,000 basis. Equity gained on principal adds $2,117/yr, and annual property appreciation at 5% supports $90,620 by year five. Five-year ROI tracks 115.29% and total cumulative return in cash totals $125,359. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,239/mo property income relative to a $1,605/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1977

N/A lot

$N/A/sqft

No HOA

More details about the property

JUST LISTED! Don't miss this opportunity to get into a Spacious 2 Bedroom 2 Bath Manufactured Home in Desirable Prothero Mobile Home Park in Lake Forest. This home offers 1,440 sq. ft. of Living Space Plus another 175 sq. ft. Sun Room off the Main Living Area. This Move-In Ready Home has been Freshly painted inside and out, giving the rooms a Bright, Open, and Spacious feeling. You will find Luxury Vinyl Flooring, Energy Efficient Double-Pane Windows, Custom Fixtures and Attention to Detail Throughout. The Spacious Kitchen Includes all Stainless-Steel appliances, a State-of-the-Art Induction Stove Top, and Convenient Eat-In Seating at the Breakfast Bar. The Primary Bedroom and En-Suite Bath are quite large and include a Large Step-In Shower, a Makeup Counter, and Lots of Linen Storage. Outside the home, you will find a Relaxing Covered Porch, Covered Parking for Two Vehicles, a Spacious Shed, and Outstanding Low-Maintenance Hardscape around the property. Other great features include Central Heat and A/C, Ring Cameras, and Various Plumbing Upgrades. This house is ideally located in the park to Maximize Privacy and still be close to Shopping, Dining, and Other Services. You'll also want to take advantage of the sparkling Community Pool, Spa, and Active Community Center. Call today to see this wonderful home!

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