23358 MerionMission ViejoCA92692
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 23358 Merion, Mission Viejo, CA, 92692 in Mission Viejo at $1,475,000, 5.1% gross yield, is a market-growth asset. Rental yield 5.1%. The $6,272/mo rent partially funds the $6,633/mo debt service; the core return is the 5%/yr price growth projected to add $407,515 over five years. Ziffy Mortgage's DSCR mortgage (0.95) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $354,679.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 6.0% |
| Monthly Cash Flow | $(3,202) | $300 |
City averages based on Mission Viejo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,272 |
| Total Monthly Debt Service | $8,888 |
| DSCR Ratio | 0.71x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1994
5,000 sqft lot
$N/A/sqft
$350 monthly 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
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
Single Family
Built in 1994
5,000 sqft lot
$N/A/sqft
$350 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices