23302 La Mar APT AMission ViejoCA92691
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 23302 La Mar APT A, Mission Viejo, CA, 92691 in Mission Viejo speaks for itself: 10.04% gross on a $440,000 price, generating $3,682/mo in rent and $610/mo in net income after the $1,979/mo debt service. DSCR 1.86, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,316 stacks alongside $121,564 in projected five-year appreciation and $4,052/yr in principal reduction. Projected total cumulative return: $207,593.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.0% |
| Monthly Cash Flow | $610 | $300 |
City averages based on Mission Viejo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,682 |
| Total Monthly Debt Service | $2,897 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
N/A lot
$N/A/sqft
$350 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1984
N/A lot
$N/A/sqft
$350 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices