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21795 Consuegra Mission Viejo, CA 92692

3 Beds 3 Baths 2,301 sqft Built 1979

$1,100,000

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $478.05
  • 3 Days on Market
  • MLS # : OC20261549
  • Updated Date : 01/08/2021 at 18:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,301 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart, Evergreen Realty

Listing Agent's Description

Enjoy the expansive views from your master bedroom private deck retreat. Whether you are taking in the sunset or the fireworks from Mission Viejo Lake this is sure to be one of your favorite places to relax. Stroll down the staircase from the deck to enjoy the entertainer’s backyard with above ground spa, sauna, covered patio, sound system and built-in BBQ. This three-bedroom home has been remodeled to create an open floorplan and boasts many upgrades including soaking tub with massage jets, whole house fan, and three wood burning fireplaces. Enjoy the benefits of being a member at the exclusive Mission Viejo Lake Club with private beaches that allow for days of paddle boarding, sailing, fishing and much more. This home is only a few miles from the toll road, shops, golf, hiking and bike trails.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Mission Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Mission Viejo

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $18713818

* 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$3,821
Property Tax -$946
Property Insurance -$83
HOA -$70
Property Management Fees -$181
CASH FLOW
-$1,410

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.

$1,100,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.8%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$507

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.6

    LIST RENT PER SQFT
  • $3,716

    COMP ESTIMATED VALUE
  • $1.62

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5003$3,6504$3,6905$3,700
$3,700
RENT COMPS ANALYSIS
  • 21795 Consuegra Mission Viejo, CA 4
    • 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.60
    •  
  • 21455 Bastia Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1990
    property image
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.66
    •  
  • 21641 Criptana Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1980
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.70
    •  
  • 21411 Astoria Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 2,461 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,461 Sqft ∙ Built 1996
    property image
    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
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.62
    •  
PROPERTY LISTING DETAILS
Jennifer Rector
Homesmart, Evergreen Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20261549
Last Updated: 01/08/2021
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