Off MarketGood Deal9 days on market
23803 Lucas Dr
23803 Lucas Dr, Canyon Lake, CA 92587, Canyon Lake, CA 92587
$199,900
Listing Price
23803 Lucas Dr, Canyon Lake, CA 92587
Loc: Canyon Lake, CA
Days Listed
9
Tax Assessed
$311k
Lot Size
0.34 acres
Rent Estimate
$2,041/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Quail Valley Elementary School
K-5
0.7 mi away
6
Kathryn Newport Middle School
6-8
1.7 mi away
N/A
Menifee Preschool
Elementary
3.3 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Single Family Residence1952CentralNone2 Garage spaces0.34 Acres9 Days$381
Haven AI Verdict
Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.37%
Total ROI
119.0%
Cash Flow
$190/mo
DSCR
1.18
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $190/mo net cash flow with a 7.4% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.4%)
- • Strong rental demand in Canyon Lake
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2025-11-10 | Sold | $188,802 | $360 |
| 1998-08-11 | Sold | $52,500 | $100 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $311,000 |
| 2025 | $3,583.56 | $304,979 |
| 2024 | $4,439.76 | $299,000 |
| 2023 | $1,883.62 | $76,816 |
| 2022 | $2,388.58 | $75,311 |
| 2021 | $2,684.48 | $73,836 |
| 2020 | $1,680.84 | $73,080 |
| 2019 | $1,659.94 | $71,648 |
| 2018 | $1,535.38 | $70,244 |
| 2017 | $1,222.04 | $68,867 |
| 2016 | $1,222.04 | $67,518 |
| 2015 | $1,510.6 | $66,505 |
| 2014 | $1,270.38 | $65,204 |
| 2013 | $0 | $64,911 |
| 2012 | $0 | $44,000 |
| 2011 | $0 | $53,000 |
| 2010 | $0 | $58,000 |
| 2009 | $0 | $62,079 |
| 2008 | $0 | $60,863 |
| 2007 | $0 | $59,670 |
| 2006 | $0 | $58,501 |
| 2005 | $0 | $57,355 |
| 2003 | $0 | $55,202 |
| 2002 | $0 | $54,121 |
| 2001 | $675.92 | $53,060 |
| 2000 | $666.06 | $52,020 |
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