28875 10th StLake ElsinoreCA92532
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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 Lake Elsinore at 28875 10th St, Lake Elsinore, CA, 92532 offers a 6.03% rental yield on a $536,900 purchase with $2,699/mo rent. 83% in year one. Equity gained on principal adds $3,465/yr while 5% annual appreciation supports $148,336 over five years. Portfolio math shows five-year ROI at 80.94% and total cumulative return in cash at $142,969. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,699/mo property income against a $2,628/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1976
1.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92532, Lake Elsinore, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,273 (100%) |
| Owner Occupied HU | 6,172 (74.6%) |
| Renter Occupied HU | 1,840 (22.2%) |
| Vacant Housing Units | 261 ( 3.2%) |
| Median Home Value | $612,722 |
| Average Home Value | $629,523 |
Housing Distribution
Address Breakdown
Residential
7,922
Single Family
7,573
Multi-Family
349
Businesses
217
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Listed by: Alain Vasquez Vega • New Century Realtors
Mls Name: CRMLS
Mls ID: #PW25172486