24909 Madison Ave UNIT 824MurrietaCA92562
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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 824, Murrieta, CA, 92562 offers a 8.05% rental yield on a $414,999 purchase with $2,783/mo rent. Total monthly income registers $2,783/mo, and a $2,031/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,592/yr on $137,572 to close, and return on cash invested stands at 21.79% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 112.93% and total cumulative return in cash at $155,361. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,783/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2003
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: Brent Ballard • eXp Realty of Greater Los Angeles
Mls Name: CRMLS
Mls ID: #P1-24207