32926 Fairmont LnLake ElsinoreCA92530
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lake Elsinore at 32926 Fairmont Ln, Lake Elsinore, CA, 92530 generates $3,773/mo in rent and, after a $2,203/mo payment, leaves $989/mo in cash flow. Total monthly income is $3,773/mo, and annual cash flow is $11,865/yr on $149,175 invested. Return on cash invested sits at 27.86% in year one, and rental yield is 10.06% on a $449,999 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,326 over five years. Five-year ROI reaches 145.49% and total cumulative return in cash sums $217,037. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,773/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92530, Lake Elsinore, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,602 (100%) |
| Owner Occupied HU | 12,181 (62.1%) |
| Renter Occupied HU | 6,569 (33.5%) |
| Vacant Housing Units | 852 ( 4.3%) |
| Median Home Value | $565,012 |
| Average Home Value | $584,170 |
Housing Distribution
Address Breakdown
Residential
18,298
Single Family
17,734
Multi-Family
564
Businesses
1,161
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Bottrell • eXp of Greater Los Angeles, Inc
Mls Name: My State MLS
Mls ID: #11559064