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21021 Ponderosa Mission Viejo, CA 92692

3 Beds 3 Baths 1,976 sqft Built 1987

$899,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $454.96
  • 5 Days on Market
  • MLS # : 21696320
  • Updated Date : 03/05/2021 at 16:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,976 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Welcome home! Looking for the perfect location in Mission Viejo, well, Pinecrest is the place! Listed after 10 years...beautiful 3 bedroom, 3 bathroom home with everything you need and not to mention, located on a cul-de-sac. Vaulted ceilings as soon as you walk into the spacious living room, with a cozy fireplace and a large dining room located beyond. Kitchen has been updated with new cabinets, countertops and appliances. New flooring throughout. Next to the bar/breakfast nook area, is the entertainment room to spend time with family and friends. More room to entertain once you head out to the lush backyard, with a covered patio. Lots of room to have some fun, bbq, play games, even add a POOL! It is endless back here. Also located downstairs, is one of the bedrooms and 3/4 baths. Upstairs, is another bedroom including a balcony and a ensuite bathroom. Across the hall and beyond the double doors, is the vaulted ceiling master bedroom with two walk-in closets and a large bathroom with tons of elbow room. Come check it out...this home will not last!

SEE MORE

MARKET HIGHLIGHTS

  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Pinecrest

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Pinecrest

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18023818

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
La Paz Intermediate School Middle Regular 862 31 8
Trabuco Hills High School High Regular 2,960 112 9
La Paz Intermediate School Middle Unknown NA

La Paz Intermediate School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 31
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating

La Paz Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$3,123
Property Tax -$773
Property Insurance -$75
HOA -$120
Property Management Fees -$165
CASH FLOW
-$895

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$899,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,729

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,360

    LIST RENT
  • $1.7

    LIST RENT PER SQFT
  • $3,641

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3603$3,4754$3,6005$3,800
$3,800
RENT COMPS ANALYSIS
  • 21021 Ponderosa Mission Viejo, CA 2
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $1.70
    •  
  • 28091 Virginia Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 1986
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.74
    •  
  • 21406 Carabela Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $1.85
    •  
  • 21312 Spruce Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1986
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.84
    •  
  • 28062 Singleleaf Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1986
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.94
    •  
PROPERTY LISTING DETAILS
Monica Acosta
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: 21696320
Last Updated: 03/05/2021
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