29784 Berea RdMenifeeCA92584
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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 Menifee at 29784 Berea Rd, Menifee, CA, 92584 offers a 9.08% rental yield on a $495,000 purchase with $3,746/mo rent. Total monthly income registers $3,746/mo, and a $2,423/mo payment leaves $684/mo available for distribution. Annual cash flow reaches $8,203/yr on $164,093 to close, and return on cash invested stands at 24.91% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Portfolio math shows five-year ROI at 129.65% and total cumulative return in cash at $212,746. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,746/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92584, Menifee, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,873 (100%) |
| Owner Occupied HU | 16,913 (77.3%) |
| Renter Occupied HU | 3,457 (15.8%) |
| Vacant Housing Units | 1,503 ( 6.9%) |
| Median Home Value | $612,119 |
| Average Home Value | $626,783 |
Housing Distribution
Address Breakdown
Residential
20,190
Single Family
19,638
Multi-Family
552
Businesses
334
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Nearby investment properties with comparable prices
Listed by: Linda Belikoff • Authority Real Estate
Mls Name: CRMLS
Mls ID: #SW25163090