24909 Madison Ave UNIT 614MurrietaCA92562
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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 Murrieta at 24909 Madison Ave UNIT 614, Murrieta, CA, 92562 uses $147,518 cash to close to unlock $4,094/yr annual cash flow and $341/mo monthly cash flow. Total monthly income runs $3,094/mo, and a $2,178/mo payment keeps the spread at $341/mo. Purchase price stands at $445,000, and rental yield measures 8.34% with $3,094/mo rent. Return on cash invested shows 22.68% in year one, and 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 117.73% and total cumulative return in cash records $173,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,094/mo property income covering a $2,178/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92562, Murrieta, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,021 (100%) |
| Owner Occupied HU | 15,226 (66.1%) |
| Renter Occupied HU | 6,728 (29.2%) |
| Vacant Housing Units | 1,067 ( 4.6%) |
| Median Home Value | $673,181 |
| Average Home Value | $759,199 |
Housing Distribution
Address Breakdown
Residential
22,166
Single Family
18,260
Multi-Family
3,906
Businesses
1,838
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Listed by: Raquel I Christian • eXp Realty of Southern California, Inc.
Mls Name: SDMLS
Mls ID: #250038719