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22101 Cosala Mission Viejo, CA 92691

4 Beds 3 Baths 1,882 sqft Built 1977

INVESTimate

$825,000

List Price

$3,420

$3,170 - $3,670

Rent Est.

$865,013  ( +4.85%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $438.36
  • 9 Days on Market
  • MLS # : OC20168164
  • Updated Date : 08/22/2020 at 10:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,882 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

SPECTACULAR RESORT STYLE POOL & SPA HOME!!! This beautiful 4 bedroom house is just amazing. Fully upgraded kitchen and bathrooms. Nice fireplace in family and living room. Downstairs bedroom and full bath make it even more special. The courtyard with water fountain and lots of beautiful plants, flowers and fruit trees makes you feel like you are on vacation. You will enjoy the private and beautiful pool that has been resurfaced this year. This Gorgeous home is walking distance from the desirable Lake Mission Viejo, where you can enjoy all the amenities of the lake with boating, swimming, fishing, summer concerts and fireworks. No Mello-Roos and low taxes and HOA. Don't wait to see this home!

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)
  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 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
Del Lago Elementary School Primary Regular 659 23 5
Los Alisos Intermediate School Middle Magnet 948 39 6
Trabuco Hills High School High Regular 2,960 112 9

Del Lago Elementary School

  • Education Level: Primary
  • # of students: 659
  • # of teachers: 23
5
GreatSchools Rating

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
 

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

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,420
EXPENSES Loan Payment -$3,044
Property Tax -$709
Property Insurance -$73
HOA -$39
Property Management Fees -$168
CASH FLOW
-$612

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.

$825,000

PROJECTED PRICE

$3,420

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.85%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

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 60% 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

2.25

YEARS SAVED

$16,008

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,420

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $3,449

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,3953$3,4204$3,6005$3,750
$3,750
RENT COMPS ANALYSIS
  • 22101 Cosala Mission Viejo, 3
    • 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,420
    • $1.82
    •  
  • 22476 Petra Mission Viejo, 1
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1982
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.85
    •  
  • 21892 Cosala Mission Viejo, 2
    • 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 1977
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.80
    •  
  • 27795 Higuera Mission Viejo, 4
    • 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1977
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.80
    •  
  • 21902 Camargo Mission Viejo, 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1978
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.88
    •  
PROPERTY LISTING DETAILS
Sahar Cyrus
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20168164
Last Updated: 08/22/2020
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