350 Avenue 9Lake 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
Rental property for sale in Lake Elsinore at 350 Avenue 9, Lake Elsinore, CA, 92530 priced at $540,000 pairs $3,502/mo rent with $162/mo cash flow after a $2,643/mo payment. Total monthly income equals $3,502/mo, and annual cash flow comes to $1,938/yr on $177,660 invested. Return on cash invested is 21.15% in year one, and rental yield stands at 7.78% on a $540,000 basis. Equity gained on principal adds $3,485/yr, and 5% annual appreciation accumulates to $149,192 by year five. Five-year ROI measures 109.48% and total cumulative return in cash reaches $194,498. For financing, Ziffy Mortgage’s DSCR program evaluates $3,502/mo property income against a $2,643/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
5,227 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: Eliazandy Salas • Rigby & Associates R.E. Svc.
Mls Name: CRMLS
Mls ID: #PW25184686