29060 Griffith DrMenifeeCA92586
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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
Rental property for sale in Menifee at 29060 Griffith Dr, Menifee, CA, 92586 generates $2,437/mo in rent and, after a $1,703/mo payment, leaves $285/mo in cash flow. Total monthly income is $2,437/mo, and annual cash flow is $3,414/yr on $115,362 invested. Return on cash invested sits at 22.87% in year one, and rental yield is 8.4% on a $348,000 entry. Equity gained on principal adds $2,246/yr, while 5% annual appreciation builds toward $96,146 over five years. Five-year ROI reaches 118.73% and total cumulative return in cash sums $136,966. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,437/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92586, Sun City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,102 (100%) |
| Owner Occupied HU | 7,432 (66.9%) |
| Renter Occupied HU | 3,110 (28.0%) |
| Vacant Housing Units | 560 ( 5.0%) |
| Median Home Value | $379,606 |
| Average Home Value | $434,257 |
Housing Distribution
Address Breakdown
Residential
10,738
Single Family
10,342
Multi-Family
396
Businesses
557
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Listed by: Erika Amis • EXP REALTY OF CALIFORNIA INC
Mls Name: CRMLS
Mls ID: #CV26008374