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21136 San Miguel Mission Viejo, CA 92692

3 Beds 4 Baths 2,305 sqft Built 1997

$825,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $357.92
  • 3 Days on Market
  • MLS # : OC20247248
  • Updated Date : 11/28/2020 at 15:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,305 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coast To Canyon Real Estate

Listing Agent's Description

Upgraded throughout! This home is updated with tile that looks like wood, designer paint colors, white kitchen cabinets, granite counters, custom backsplash and more. The office space has a custom built desk and built in bookshelves that are mahogany. Each bedroom has it's own bath plus a half bath for guests. The floorplan offers a downstairs master with large updated shower, soaking tub, dual sinks and a huge walk-in closet. There is a slider to the backyard with another patio space to enjoy. The office has it's own bath and tub. The kitchen has a cute space for casual dining plus there is a formal dining room. The living room has a fireplace and built-ins on either side. There is a slider to the outdoor space which has low maintenance turf. Upstairs is another bedroom, full bath and walk in closet. Perfect for guests or helpers. The garage is two car and has the laundry space and built-in cabinets. The windows have plantation shutters throughout. Gated senior community (55 Plus) Palmia offers pools, spa, 18 hole putting course, tennis, clubs, trips, and more. You are also a member of Lake Mission Viejo which has boating, swimming,concerts, fishing and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Palmia

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750k800kPrice in $243k827k

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

Neighborhood: Palmia

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2180020002200240026002800300032003400Rent in $17033492

* 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
Melinda Heights Elementary School Primary Regular 1,077 38 8
Melinda Heights Elementary School Middle Regular 1,077 38 8
Trabuco Hills High School High Regular 2,960 112 9

Melinda Heights Elementary School

  • Education Level: Primary
  • # of students: 1,077
  • # of teachers: 38
8
GreatSchools Rating

Melinda Heights Elementary School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 38
8
GreatSchools Rating

Trabuco Hills High School

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

$742,500$907,500$825,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$3,044
Property Tax -$709
Property Insurance -$83
HOA -$364
Property Management Fees -$176
CASH FLOW
-$776

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$825,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,040

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $1.56

    LIST RENT PER SQFT
  • $3,596

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4003$3,6004$3,6505$3,700
$3,700
RENT COMPS ANALYSIS
  • 21136 San Miguel Mission Viejo, CA 3
    • 3 beds 4 baths ∙ 2,305 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,305 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.56
    •  
  • 21216 San Miguel Mission Viejo, CA 1
    • 3 beds 4 baths ∙ 2,305 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,305 Sqft ∙ Built 1997
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.48
    •  
  • 21455 Bastia Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1990
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.66
    •  
  • 21411 Astoria Mission Viejo, CA 4
    • 3 beds 3 baths ∙ 2,461 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,461 Sqft ∙ Built 1996
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.48
    •  
  • 21106 Foxtail Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1986
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.62
    •  
PROPERTY LISTING DETAILS
Rita Tayenaka
Coast To Canyon Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20247248
Last Updated: 11/28/2020
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