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22752 Orellana Mission Viejo, CA 92691

4 Beds 3 Baths 2,553 sqft Built 1976

$1,045,000

List Price

$4,100

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $409.32
  • 4 Days on Market
  • MLS # : OC20254763
  • Updated Date : 12/11/2020 at 13:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,553 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Panoramic View home above MV lake. In the desirable Madrid del Lago neighborhood. Double door entry and travertine floors welcome you into this well maintained home. The ceilings have been upgraded - smooth with recessed light and ceiling fans. Fireplaces have been updated with new facing, but what will really catch your eye, is the Stunning PANORAMIC VIEW! Seen through the Newer windows and sliding door. The gourmet kitchen is very spacious with its warm cabinets, granite counter tops, lots of storage and more The open family room next to the kitchen also shares the views to back yard featuring Pool, Spa, Covered patio, a sunny raise patio with a fire pit. Lush landscaping includes Several fruit trees Key lime, tangerine, a hybred peach and plum tree and Avocado tree. Large gated RV parking on the side yard. Down stairs laundry room with garage access. Guest bathroom down stairs shows nice with granite counter top. All bedrooms are upstairs. The master suite is spacious with seating area and window seat. The double closets lead you into the master bathroom with double sink. Lake Mission Viejo Access has many fun activities which included electric boat rentals, Kayaks, paddle boards, beach area, live music, Forth of july fireworks etc.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (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
Castille Elementary School Primary Regular 618 21 7
Newhart Middle School Middle Regular 1,276 51 7
Capistrano Valley High School High Regular 2,384 86 9

Castille Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 21
7
GreatSchools Rating

Newhart Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 51
7
GreatSchools Rating

Capistrano Valley High School

  • Education Level: High
  • # of students: 2,384
  • # of teachers: 86
9
GreatSchools Rating
 

$940,500$1,149,500$1,045,000

PURCHASE PRICE

$3,690$4,510$4,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,100
EXPENSES Loan Payment -$3,856
Property Tax -$885
Property Insurance -$89
HOA -$22
Property Management Fees -$201
CASH FLOW
-$952

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.

$1,045,000

PROJECTED PRICE

$4,100

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$282,675

INVESTMENT

$282,675

Down Payment
$261,250
Rehab Estimate
$5,750
Closing Costs
$15,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,856

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $261,250
Loan Amount $783,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$11,320

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,100

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $4,091

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,8003$4,0004$4,1005$4,575
$4,575
RENT COMPS ANALYSIS
  • 22752 Orellana Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.61
    •  
  • 27495 Abanico Mission Viejo, CA 1
    • 4 beds 3 baths ∙ 2,416 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,416 Sqft ∙ Built 1977
    LEASED 07/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.49
    •  
  • 27546 Berdun Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 1978
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.50
    •  
  • 27715 Killarney Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 1994
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.66
    •  
  • 27492 Soncillo Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1977
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,575
    • $1.76
    •  
PROPERTY LISTING DETAILS
Kathryn Martin
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20254763
Last Updated: 12/11/2020
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