22482 Formentor #15Mission ViejoCA92692
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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 Mission Viejo at 22482 Formentor #15, Mission Viejo, CA, 92692 generates $4,532/mo in rent, after a $5,619/mo payment. Total monthly income is $4,532/mo. Return on cash invested sits at 12.08% in year one, and rental yield is 4.74% on a $1,148,000 entry. Equity gained on principal adds $7,408/yr, while 5% annual appreciation builds toward $317,171 over five years. Five-year ROI reaches 60.76% and total cumulative return in cash sums $226,014. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,532/mo property income rather than buyer’s personal income.
Condo
Built in 1981
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92692, Mission Viejo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,377 (100%) |
| Owner Occupied HU | 13,423 (73.0%) |
| Renter Occupied HU | 4,436 (24.1%) |
| Vacant Housing Units | 518 ( 2.8%) |
| Median Home Value | $1,038,545 |
| Average Home Value | $1,120,905 |
Housing Distribution
Address Breakdown
Residential
18,244
Single Family
16,221
Multi-Family
2,023
Businesses
468
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Listed by: Beau Beardslee • First Team Real Estate
Mls Name: CRMLS
Mls ID: #OC25249110