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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $566.64
- 3 Days on Market
- MLS # : OC20264053
- Updated Date : 01/01/2021 at 09:50
CONSTRUCTION
- Beds : 4
- Floor Size : 1,463 sqft
- Baths : 1 full
Listing Agent
Realty One Group West
Listing Agent's Description
Huge Pool Sized 8640sqft flat lot, Close to Mission Viejo Lake, 4 bedroom 2 level Home with a Main Floor Bedroom and downstairs bath with shower. This Gem has the largest lot in the neighborhood! Original Owner kept everything in the home in Pristine Condition. There is an opportunity for a 3rd car possible RV driveway on the left planter area. Enter into the Living Room with Vaulted Ceilings, Tile Flooring and Neutral Paint, Large Cozy Fireplace, and skylight, with attached Dining Room. Dual Paned Windows Throughout, the Kitchen has been remodeled with maple Cabinets, and Granite Counters and beautiful Bay Window. , and kitchen Nook for a Kitchen table. New patio Door leads you to a humongous concrete backyard with side planters, Very Private with large covered patio cover, with beautiful treetop views. Downstairs Bedroom with sliding door to backyard. Downstairs bath has shower, with white cabinets, and neutral paint Head Upstairs to left to Large Master with Balcony with Beautiful Tree Views and walk in Closet. 2nd Bedroom also has beautiful views, with carpet flooring and neutral paint. Upstairs bath has white cabinets, and Shower in Tub combo. Walking Distance to Trabuco Hills High School, Ralphs, Restaurants, stores, and Lake Mission Viejo with beaches, swimming, boating, fishing, paddling, clubhouse & concerts, movie nights & summer camps. Centrally located, 10 minutes to 5 fwy, 5 minutes to 241 toll road. 20 minutes to Laguna Beach
SEE MORE
MARKET HIGHLIGHTS
- 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]
- 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)
PRICE & RENT TRENDS
Neighborhood: Mission Viejo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Viejo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,930 |
| EXPENSES | Loan Payment | -$3,059 |
| Property Tax | -$704 | |
| Property Insurance | -$62 | |
| HOA | -$21 | |
| Property Management Fees | -$144 | |
|
CASH FLOW
-$1,060
|
||
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.
$829,000
PROJECTED PRICE
$2,930
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$225,435
LOAN DETAILS
$3,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $207,250 |
| Loan Amount | $621,750 |
0.42
YEARS SAVED
$1,073
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,930
LIST RENT -
$2
LIST RENT PER SQFT
-
$2,908
COMP ESTIMATED VALUE -
$1.99
COMP AVG. RENT PER SQFT
Comps Range
-
22531 Via Loyola Mission Viejo, CA 3
- 4 beds 1 baths ∙ 1,463 Sqft ∙ Built 1974 4 beds 1 baths ∙ 1,463 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $2,930
- $2.00
-
26376 Mountain Grove Circle Lake Forest, CA 1
- 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1986
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,695
- $1.90
-
23361 Via Linda Mission Viejo, CA 2
- 3 beds 3 baths ∙ 1,323 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,323 Sqft ∙ Built 1985
LEASED 04/14/20- Rent
- Rent Per SQFT
- $2,700
- $2.04
-
21831 Shenandoah Drive Lake Forest, CA 4
- 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1980
LEASED 08/09/20- Rent
- Rent Per SQFT
- $3,100
- $2.07
-
22276 Summit Hill Drive Lake Forest, CA 5
- 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1986
LEASED 08/16/20- Rent
- Rent Per SQFT
- $3,150
- $1.94
PROPERTY LISTING DETAILS
Realty One Group West
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20264053
Last Updated: 01/01/2021
