31707 Ridgeview DrLake ElsinoreCA92532
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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 Lake Elsinore at 31707 Ridgeview Dr, Lake Elsinore, CA, 92532 offers a 7.67% rental yield on a $599,900 purchase with $3,836/mo rent. Total monthly income registers $3,836/mo, and a $2,936/mo payment leaves $125/mo available for distribution. Annual cash flow reaches $1,502/yr on $197,367 to close, and return on cash invested stands at 20.82% in year one. Equity gained on principal adds $3,871/yr while 5% annual appreciation supports $165,741 over five years. Portfolio math shows five-year ROI at 107.71% and total cumulative return in cash at $212,584. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,836/mo property income against a $2,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
7,405 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,922
Single Family
7,573
Multi-Family
349
Businesses
217
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Listed by: KALYNN BROWN • Wedgewood Homes Realty
Mls Name: CRMLS
Mls ID: #WS25227883