30990 Blackhorse DrCanyon LakeCA92587
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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
Rental property for sale in Canyon Lake at 30990 Blackhorse Dr, Canyon Lake, CA, 92587 priced at $1,595,000 converts $6,490/mo rent into after a $7,807/mo obligation. Total monthly income equals $6,490/mo. Return on cash invested prints 12.53% in year one, and rental yield reads 4.88% against a $1,595,000 entry. Equity gained on principal adds $10,292/yr, while 5% annual appreciation compiles into $440,669 by year five. Five-year ROI reaches 63.15% and total cumulative return in cash sums $326,369. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,490/mo property income covering a $7,807/mo payment, not borrower’s personal income.
Single Family
Built in 1980
3.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92587, Sun City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,611 (100%) |
| Owner Occupied HU | 5,039 (76.2%) |
| Renter Occupied HU | 1,072 (16.2%) |
| Vacant Housing Units | 500 ( 7.6%) |
| Median Home Value | $666,814 |
| Average Home Value | $709,358 |
Housing Distribution
Address Breakdown
Residential
6,427
Single Family
6,427
Multi-Family
0
Businesses
184
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Listed by: Spencer Frazier • eXp Realty of California, Inc.
Mls Name: CRMLS
Mls ID: #SW25186150