2998 Elder WayHemetCA92545
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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 Hemet at 2998 Elder Way, Hemet, CA, 92545 earns $433/mo cash flow from $2,963/mo rent with a $2,002/mo payment. Total monthly income totals $2,963/mo, and annual cash flow totals $5,192/yr on $135,584 capital. ROI tracks 23.74% on current figures, and rental yield reads 8.69% at a $409,000 purchase. Equity gained on principal adds $2,639/yr, and 5% annual appreciation supports $112,999 over five years. Five-year ROI reaches 123.38% and total cumulative return in cash sums $167,277. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,963/mo property income instead of your personal income.
Single Family
Built in 2002
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92545, Hemet, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,986 (100%) |
| Owner Occupied HU | 12,115 (63.8%) |
| Renter Occupied HU | 5,362 (28.2%) |
| Vacant Housing Units | 1,509 ( 7.9%) |
| Median Home Value | $416,623 |
| Average Home Value | $440,407 |
Housing Distribution
Address Breakdown
Residential
17,576
Single Family
16,226
Multi-Family
1,350
Businesses
510
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Listed by: Steve Landsberg • Re/Max R. E. Specialists
Mls Name: CRMLS
Mls ID: #PW25277148