596 Parkview DrLake 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 596 Parkview Dr, Lake Elsinore, CA, 92530 offers $2,581/mo rent that, after a $1,809/mo payment, leaves $295/mo cash flow. Total monthly income is $2,581/mo, and annual cash flow is $3,537/yr on $122,489 cash. Return on cash invested measures 22.8% in year one, and rental yield stands at 8.38% at a $369,500 entry. Equity gained on principal adds $2,384/yr while 5% annual appreciation compounds into $102,086 by year five. Five-year ROI records 118.33% and total cumulative return in cash reaches $144,940. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,581/mo property income versus a $1,809/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A 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: Vivian Chen • General Realty and Investment
Mls Name: CRMLS
Mls ID: #RS25235488