23252 La Mar APT CMission ViejoCA92691
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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 23252 La Mar APT C, Mission Viejo, CA, 92691 generates $3,415/mo in rent and, after a $2,447/mo payment, leaves $322/mo in cash flow. Total monthly income is $3,415/mo, and annual cash flow is $3,867/yr on $165,717 invested. Return on cash invested sits at 22.24% in year one, and rental yield is 8.2% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 115.37% and total cumulative return in cash sums $191,184. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,415/mo property income rather than buyer’s personal income.
Condo
Built in 1984
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92691, Mission Viejo, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,612 (100%) |
| Owner Occupied HU | 12,236 (73.7%) |
| Renter Occupied HU | 3,989 (24.0%) |
| Vacant Housing Units | 387 ( 2.3%) |
| Median Home Value | $959,969 |
| Average Home Value | $1,038,409 |
Housing Distribution
Address Breakdown
Residential
17,124
Single Family
15,961
Multi-Family
1,163
Businesses
1,582
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Listed by: Shawnna Rogalla • RE Home Source
Mls Name: CRMLS
Mls ID: #OC25150766