7056 Panoramic DrLucerneCA95458
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 Lucerne at 7056 Panoramic Dr, Lucerne, CA, 95458 priced at $160,000 converts $2,160/mo rent into $1,083/mo cash flow after a $783/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $12,993/yr on $53,040 invested. Return on cash invested prints 44.41% in year one, and rental yield reads 16.2% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 234.96% and total cumulative return in cash sums $124,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $783/mo payment, not borrower’s personal income.
Manufactured
Built in 1974
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 95458, Lucerne, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,465 (100%) |
| Owner Occupied HU | 732 (50.0%) |
| Renter Occupied HU | 383 (26.1%) |
| Vacant Housing Units | 350 (23.9%) |
| Median Home Value | $302,564 |
| Average Home Value | $410,656 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
665
Multi-Family
30
Businesses
37
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Listed by: Raymond Hebel • Luxe Places International R
Mls Name: BAREIS
Mls Provider:
Mls ID: #324040936
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.