Residence 2 Plan, Highland at Nichols RanchLake ElsinoreCA92532
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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 Residence 2 Plan, Highland at Nichols Ranch, Lake Elsinore, CA, 92532 at $663,000 posts ROI 31.53% with $2,086/mo cash flow from $6,187/mo rent. Total monthly income equals $6,187/mo, and annual cash flow records $25,027/yr on $218,127 to close. Return on cash invested measures 31.53% and rental yield reads 11.2% at the current $663,000. Equity gained on principal adds $4,278/yr, and 5% annual appreciation supports $183,175 by year five. Five-year ROI prints 165.15% and total cumulative return in cash totals $360,243.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,187/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
N/A lot
$N/A/sqft
No 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
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Listed by: Robert Felix • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A