2 Via CarinoRancho Santa MargaritaCA92688
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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 Rancho Santa Margarita at 2 Via Carino, Rancho Santa Margarita, CA, 92688 offers a 7.37% rental yield on a $580,000 purchase with $3,563/mo rent. 9% in year one. Equity gained on principal adds $3,743/yr while 5% annual appreciation supports $160,243 over five years. Portfolio math shows five-year ROI at 102.77% and total cumulative return in cash at $196,101. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,563/mo property income against a $2,839/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92688, Rancho Santa Margarita, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,526 (100%) |
| Owner Occupied HU | 10,561 (63.9%) |
| Renter Occupied HU | 5,566 (33.7%) |
| Vacant Housing Units | 399 ( 2.4%) |
| Median Home Value | $930,906 |
| Average Home Value | $973,976 |
Housing Distribution
Address Breakdown
Residential
16,240
Single Family
13,373
Multi-Family
2,867
Businesses
991
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Listed by: Tracey Kirk-Johnson • Prestige Coastal Real Estate, Inc.
Mls Name: CRMLS
Mls ID: #OC26007238