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21911 Calderas Mission Viejo, CA 92691

3 Beds 2 Baths 1,561 sqft Built 1977

$864,900

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $554.07
  • 4 Days on Market
  • MLS # : OC21044581
  • Updated Date : 03/06/2021 at 16:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,561 sqft
  • Baths : 2 full
Listing Agent

Pacific Sotheby's Int'l Realty

Listing Agent's Description

Spectacular Single-Story Dream Home! Turn-Key and Move-In Ready! Solar System (owned)! Lake Membership! Nestled in the hills above Lake Mission Viejo, around the corner from Crucero Park (playground and sports fields), and just a few blocks from the Lake, this charming and well-maintained 3-bedroom home is perfect for either growing or downsizing families. The main entry welcomes you to a bright yet warm and modern interior with views to the backyard. As you enter the living room with vaulted ceilings, you’ll love the open flow between the dining space and the outdoor patio. Enjoy entertaining family in friends in the nicely updated kitchen that flows directly into the family room with a cozy fireplace. Kitchen upgrades include granite counters, stainless appliances with gas cooktop, white cabinets, and custom lighting over the bar. Relax and unwind in the spacious master bedroom with private bathroom, dual sink vanity, and walk-in closet. For those who want to enjoy low-maintenance outdoor living, you’ll love the backyard space that includes a covered patio, fruit trees, artificial turf, and a bit of privacy thanks to the well-maintained green space. The garage is the perfect place to get a good workout or simply hang out with the checkered flooring and organization systems. Additional home features include fresh modern paint colors inside and out, dual pane windows, Central AC, whole house fan, pull-down stairs to attic, and modern wood laminate flooring.

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: 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
Los Alisos Intermediate School Middle Magnet 948 39 6
Trabuco Hills High School High Regular 2,960 112 9
Los Alisos Intermediate School Middle Unknown NA

Los Alisos Intermediate School

  • Education Level: Middle
  • # of students: 948
  • # of teachers: 39
6
GreatSchools Rating

Trabuco Hills High School

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

Los Alisos Intermediate School

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

$778,410$951,390$864,900

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$3,004
Property Tax -$745
Property Insurance -$65
HOA -$45
Property Management Fees -$161
CASH FLOW
-$740

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.

$864,900

PROJECTED PRICE

$3,280

PROJECTED RENT

0.38%

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

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$234,949

INVESTMENT

$234,949

Down Payment
$216,225
Rehab Estimate
$5,750
Closing Costs
$12,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $216,225
Loan Amount $648,675
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $2.1

    LIST RENT PER SQFT
  • $3,290

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,2004$3,2005$3,280
$3,280
RENT COMPS ANALYSIS
  • 21911 Calderas Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $2.10
    •  
  • 21771 Tegley Mission Viejo, CA 1
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1988
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.14
    •  
  • 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
    •  
  • 21742 Salado Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1977
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.21
    •  
  • 21881 Bahamas Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1986
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.07
    •  
PROPERTY LISTING DETAILS
Matt Whitcomb
Pacific Sotheby's Int'l Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21044581
Last Updated: 03/06/2021
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