41522 Red Car DrLake ElsinoreCA92532
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow41522 Red Car Dr, Lake Elsinore, CA, 92532 in Lake Elsinore is a top-tier cash-flow asset. At $690,990 it produces $6,169/mo in rent and $1,363/mo in net monthly income, a 10.71% gross rental yield. The DSCR of 1.99 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $16,357. Five-year appreciation adds $190,908, driving a total cumulative return of $352,015.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 7.0% |
| Monthly Cash Flow | $1,363 | $250 |
City averages based on Lake Elsinore market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,169 |
| Total Monthly Debt Service | $4,531 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2021
8,237 sqft lot
$N/A/sqft
$220 monthly 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
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
Single Family
Built in 2021
8,237 sqft lot
$N/A/sqft
$220 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices