Residence 4 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
Rental property for sale in Lake Elsinore at Residence 4 Plan, Highland at Nichols Ranch, Lake Elsinore, CA, 92532 offers $4,200/mo rent that, after a $3,392/mo payment. Total monthly income is $4,200/mo. Return on cash invested measures 19.6% in year one, and rental yield stands at 7.27% at a $693,000 entry. Equity gained on principal adds $4,472/yr while 5% annual appreciation compounds into $191,463 by year five. Five-year ROI records 101.15% and total cumulative return in cash reaches $230,630. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,200/mo property income versus a $3,392/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
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: N/A • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A