32985 Middlegate PlLake ElsinoreCA92530
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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 32985 Middlegate Pl, Lake Elsinore, CA, 92530 listed at $549,900 pairs $3,654/mo rent with a $2,691/mo payment to leave $253/mo cash flow. Total monthly income runs $3,654/mo, and annual cash flow reaches $3,033/yr on $180,917 cash to close. Return on cash invested measures 21.74% in year one, and rental yield registers 7.97% at a $549,900 basis. Equity gained on principal adds $3,548/yr, and annual property appreciation at 5% supports $151,927 by year five. Five-year ROI tracks 112.6% and total cumulative return in cash totals $203,714. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,654/mo property income relative to a $2,691/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
2,912 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
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Listed by: Jennifer Summers • Redfin Corporation
Mls Name: CRMLS
Mls ID: #SW25153665