30505 Canyon Hills Rd UNIT 406, Lake Elsinore, CA, 92532 | $508/mo Cash Flow

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30505 Canyon Hills Rd UNIT 406, Lake Elsinore, CA, 92532 | $508/mo Cash Flow | Ziffy

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Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lake Elsinore at 30505 Canyon Hills Rd UNIT 406, Lake Elsinore, CA, 92532 listed at $465,000 pairs $3,385/mo rent with a $2,276/mo payment to leave $508/mo cash flow. Total monthly income runs $3,385/mo, and annual cash flow reaches $6,100/yr on $154,148 cash to close. Return on cash invested measures 23.87% in year one, and rental yield registers 8.74% at a $465,000 basis. Equity gained on principal adds $3,001/yr, and annual property appreciation at 5% supports $128,471 by year five. Five-year ROI tracks 124.07% and total cumulative return in cash totals $191,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,385/mo property income relative to a $2,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Investor Opportunity: Turnkey Income Property with Excellent Tenants and Top-Rated Schools Nearby! Attention investorsdont miss this opportunity to acquire a high-demand rental in the heart of Lake Elsinore. Located at 30505 Canyon Hills Rd, this END UNIT 3-bedroom, 2.5-bathroom townhouse offers 1,633 square feet of well-designed space and comes with excellent tenants already in place, providing immediate and reliable cash flow. Tenants enjoy the open-concept layout, complete with a cozy fireplace and seamless flow between the living, dining, and kitchen areasperfect for modern lifestyles. Upstairs there are 3 bedrooms including a generously sized primary suite with oversized bathroom and closet area. A built-in office niche and laundry room are also on the bedroom level. The home also includes an attached garage, and access to guest parking in a secure, gated community. Beautifully maintained community amenities including a pool and play areas add to the desirability of this community. A standout feature of this property is its proximity to top-rated schools and popular shops, which makes it especially attractive to residents and helps drive long-term value and market stability. Key highlights: Tenant-occupied and income-producing from day one; located near sought-after schools, parks, and community amenities; low-maintenance, highly rentable layout; secure gated community with attached garage and guest parking. If you're looking to expand your portfolio with a well-maintained rental property in a growing market, this is an excellent opportunity. Reach out today to schedule a viewing or request more information.

Neighborhood Data

Neighborhood data shown for ZIP Code: 92532, Lake Elsinore, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,273 (100%)
Owner Occupied HU	6,172 (74.6%)
Renter Occupied HU	1,840 (22.2%)
Vacant Housing Units	261 ( 3.2%)
Median Home Value	$612,722
Average Home Value	$629,523