29231 Spectra DrLake ElsinoreCA92530
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 29231 Spectra Dr, Lake Elsinore, CA, 92530 in Lake Elsinore at $554,900 earns $3,618/mo in rent and nets $185/mo after the $2,495/mo payment, a 7.82% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $153,309 over five years. Ziffy Mortgage underwrites this on a 1.45 DSCR without U.S. credit history. With $5,111/yr in principal paydown, total projected return reaches $222,379.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 7.0% |
| Monthly Cash Flow | $185 | $250 |
City averages based on Lake Elsinore market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,618 |
| Total Monthly Debt Service | $3,212 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2010
10,019 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
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
Single Family
Built in 2010
10,019 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leticia Georgia • Realty Masters & Associates
Mls Name: CRMLS
Mls ID: #PW25129561