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21302 Bristlecone Mission Viejo, CA 92692

3 Beds 2 Baths 1,403 sqft Built 1987

$850,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $605.84
  • 6 Days on Market
  • MLS # : OC21149491
  • Updated Date : 07/09/2021 at 04:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,403 sqft
  • Baths : 2 full
Listing Agent

Cameron Davis, Broker

Listing Agent's Description

SINGLE STORY 3 BEDROOM TOTALLY REMODELED FROM TOP TO BOTTOM in lovely Pinecrest! A serene and peaceful location! No expense was spared to create this masterpiece. You will not see another listing like this one!! Beautifully and meticulously remodeled and pristine! Brand new high-end lighting, wood-style water-resistant flooring throughout the home. Beautifully bright with natural sunlight with many windows throughout and cathedral ceilings. The kitchen has beautiful Quartz counters, Brushed Nickel Gooseneck Faucet, Stainless Steel Appliances, Stainless Steel Under-mounted Sink. Recessed Lighting, as well as State of the Art Pendant Light Fixture in Entryway with 7K Sold Wood Front Door complete with Beveled Glass and Smartlock, enabled deadbolt. Bathrooms are completely remodeled with Custom Tile to ceilings, Rain Shower in Master Bathroom, frameless shower doors, Spa-Like Multi-Shower Heads in Master Shower, and Marble Flooring in each bathroom. Simply Gorgeous!!! Excellent School Zoning and conveniently close to a fantastic shopping center! This property also has lake membership to gorgeous Lake Mission Viejo with fishing, boating, summer concerts, and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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
 

$765,000$935,000$850,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,952
Property Tax -$731
Property Insurance -$61
HOA -$120
Property Management Fees -$143
CASH FLOW
-$1,087

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.

$850,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.34%

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

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$369

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $2.08

    LIST RENT PER SQFT
  • $2,918

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,920
1$2,9202$3,1003$3,2004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 21302 Bristlecone Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $2.08
    •  
  • 27937 Carrington Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1987
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.01
    •  
  • 21011 Carob Lane Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1984
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.02
    •  
  • 21052 Ponderosa Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1987
    property image
    LEASED 04/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.12
    •  
  • 28081 Hastings Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1986
    property image
    LEASED 04/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.17
    •  
PROPERTY LISTING DETAILS
Cameron Davis
Cameron Davis, Broker
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21149491
Last Updated: 07/09/2021
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