29110 Wayfarer LnLake ElsinoreCA92530
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 29110 Wayfarer Ln, Lake Elsinore, CA, 92530 earns $87/mo cash flow from $4,411/mo rent with a $3,421/mo payment. Total monthly income totals $4,411/mo, and annual cash flow totals $1,045/yr on $229,971 capital. ROI tracks 20.51% on current figures, and rental yield reads 7.57% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 106.07% and total cumulative return in cash sums $243,926. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,411/mo property income instead of your personal income.
Single Family
Built in 1995
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92530, Lake Elsinore, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,602 (100%) |
| Owner Occupied HU | 12,181 (62.1%) |
| Renter Occupied HU | 6,569 (33.5%) |
| Vacant Housing Units | 852 ( 4.3%) |
| Median Home Value | $565,012 |
| Average Home Value | $584,170 |
Housing Distribution
Address Breakdown
Residential
18,298
Single Family
17,734
Multi-Family
564
Businesses
1,161
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Listed by: Natalie Wemmer • Century 21 Masters
Mls Name: CRMLS
Mls ID: #SW25267362