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21151 Whitebark Mission Viejo, CA 92692

3 Beds 3 Baths 1,747 sqft Built 1987

$779,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $445.91
  • 15 Days on Market
  • MLS # : OC20247967
  • Updated Date : 12/12/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,747 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Exquisite sunset views await you in this home with 2 bedrooms downstairs with "wood like plank flooring", 2 baths and an upstairs expanded permitted loft that could be a huge 3rd bedroom. Currently used as an office the loft has additional space that can be used as an media room, family room or exercise area. Sliding glass door opens onto a large deck to enjoy fabulous views, day or night. Located on a cul-de-sac street, close to shopping, lake Mission Viejo, schools and easy access to 241 and 5 freeway. A leaded custom glass entry door opens to view the downstairs living room and dining area with newer tile flooring and a custom wrought iron railing and mahogany stairway ascending to the upper level with the loft open to the downstairs. In addition there is a upstairs powder bathroom. The kitchen has slab granite counters, double stainless steel sinks and a nook to sit down to dine and enjoy morning coffee. Plenty of cabinets for storage. The dining area with voluminous ceiling has lots of windows for natural lighting. Extended from there is the living room with pre-cast fireplace mantel with gas starter. Designer light fixtures, door hardware and crown molding provide the added touches. Three zone A/C and furnace, vinyl windows, tankless water heater, whole house fan along with ceiling fans make this a "cool" home to occupy. Low maintenance back yard, covered patio with pavers and glass view fence. Low taxes association fees.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Montevideo Elementary School Primary Regular 472 20 7
La Paz Intermediate School Middle Regular 862 31 8
Trabuco Hills High School High Regular 2,960 112 9

Montevideo Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 20
7
GreatSchools Rating

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
 

$701,100$856,900$779,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,874
Property Tax -$670
Property Insurance -$69
HOA -$120
Property Management Fees -$161
CASH FLOW
-$605

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.

$779,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$212,185

INVESTMENT

$212,185

Down Payment
$194,750
Rehab Estimate
$5,750
Closing Costs
$11,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,750
Loan Amount $584,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$13,015

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $3,280

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,050
1$3,0502$3,1003$3,1504$3,2905$3,400
$3,400
RENT COMPS ANALYSIS
  • 21151 Whitebark Mission Viejo, CA 4
    • 3 beds 3 baths ∙ 1,747 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,747 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.88
    •  
  • 21711 Flamenco Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1979
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.95
    •  
  • 28091 Virginia Mission Viejo, CA 2
    • 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
    •  
  • 21021 Carob Lane Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 1,677 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,677 Sqft ∙ Built 1984
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.88
    •  
  • 28276 Coulter Mission Viejo, CA 5
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1987
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.94
    •  
PROPERTY LISTING DETAILS
Ron Miller
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20247967
Last Updated: 12/12/2020
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