23719 RidgewayMission 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
Investment property for sale in Mission Viejo at 23719 Ridgeway, Mission Viejo, CA, 92692 earns from $7,660/mo rent with a $9,784/mo payment. Total monthly income totals $7,660/mo. ROI tracks 11.65% on current figures, and rental yield reads 4.6% at a $1,999,000 purchase. Equity gained on principal adds $12,899/yr, and 5% annual appreciation supports $552,287 over five years. Five-year ROI reaches 58.45% and total cumulative return in cash sums $378,569. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,660/mo property income instead of your personal income.
Single Family
Built in 1997
6,120 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: Uma Perricone • RE/MAX Select One
Mls Name: CRMLS
Mls ID: #OC25170835