For SaleNeutral Deal56 days on market
28480 Red Gum Dr
28480 Red Gum Dr, Lake Elsinore, CA 92532, Lake Elsinore, CA 92532
$295,000
Estimate®:$294,100
Listing Price
28480 Red Gum Dr, Lake Elsinore, CA 92532
Loc: Lake Elsinore, CA
Days Listed
56
Tax Assessed
$20k
Estimate®
$294k
Market Rate
Lot Size
0.48 acres
Type
manufactured
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.
5
Earl Warren Elementary School
K-5
1.4 mi away
3
Elsinore Middle School
6-8
2.3 mi away
7
Temescal Canyon High School
9-12
0.6 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
mobile homemanufactured homeaccessibility rampcovered entrywaysecurity screen doormodular housingmetal sidinglandscaped entrypotted plantnatural wood stumpsingle-storyresidentialsimple facade
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.73%
Total ROI
105.1%
Cash Flow
$124/mo
DSCR
1.08
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $124/mo net cash flow with a 6.7% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.7%)
- • Strong rental demand in Lake Elsinore
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 |
|---|---|---|---|
| 2026-09-24 | Price change | $295,000 | $341 |
| 2026-09-03 | Price change | $310,000 | $359 |
| 2026-07-31 | Listed for sale | $325,000 | $376 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $20,483 |
| 2025 | $156.3 | $20,082 |
| 2024 | $148.6 | $19,689 |
| 2023 | $145.5 | $19,304 |
| 2022 | $141.6 | $18,926 |
| 2021 | $137.76 | $18,556 |
| 2020 | $135.8 | $18,367 |
| 2019 | $132.08 | $18,008 |
| 2018 | $128.44 | $17,656 |
| 2017 | $124.86 | $17,310 |
| 2016 | $124.86 | $16,971 |
| 2015 | $122.08 | $16,718 |
| 2014 | $120.56 | $16,393 |
| 2013 | $0 | $16,320 |
| 2012 | $0 | $13,481 |
| 2011 | $0 | $13,218 |
| 2010 | $0 | $13,120 |
| 2009 | $0 | $13,153 |
| 2008 | $0 | $12,896 |
| 2007 | $0 | $12,644 |
| 2006 | $0 | $12,397 |
| 2005 | $0 | $12,155 |
| 2003 | $0 | $11,701 |
| 2002 | $0 | $11,472 |
| 2001 | $107.7 | $11,248 |
| 2000 | $106.54 | $11,028 |
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