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22821 El Vaquero Mission Viejo, CA 92691

3 Beds 2 Baths 2,200 sqft Built 1970

$899,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $408.64
  • 11 Days on Market
  • MLS # : OC21045354
  • Updated Date : 03/12/2021 at 13:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,200 sqft
  • Baths : 2 full
Listing Agent

Pacific Sotheby's Int'l Realty

Listing Agent's Description

Positioned in an oversized cul-de-sac on a large lot, this pristine and accommodating home in Mission Viejo showcases 2200 SF of interior living space in a well-established family friendly neighborhood. As you enter discover ultra-high ceilings making the formal living room and office feel light, open and airy. The expansive remodeled kitchen features soft-closing, newer wood cabinets, granite counters, and an eat-at prep island with stainless steel upgraded Thermador fridge and double oven with loads of counter space in a neutral color palette. The main floor features a full bathroom and an open den that could easily be converted to a fourth bedroom if desired. Upstairs boasts a spacious bathroom and three large bedrooms including one primary retreat with dual mirrored wardrobes and another with access to the rooftop deck. The 6,000SF lot offers an extra-long driveway and inviting curb appeal and the back and side yards are abundant with foliage, grass, and multiple seating areas with a lovely sunset view. Less than a mile from your door, this home has rights to Lake Mission Viejo for a minimal annual fee. Great schools, local parks, golf courses, hiking, shopping and dining are minutes from this premium location. This unique location offers the ability to attend Trabuco, Mission Viejo, or El Toro High.

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
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
 

$809,100$988,900$899,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$3,123
Property Tax -$775
Property Insurance -$80
Property Management Fees -$177
CASH FLOW
-$535

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.

$899,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.40%

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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$19,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,620

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $3,707

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5003$3,6204$3,6805$3,800
$3,800
RENT COMPS ANALYSIS
  • 22821 El Vaquero Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,620
    • $1.65
    •  
  • 22931 Hazelwood Lake Forest, CA 1
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1980
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.64
    •  
  • 22546 Sunlight Creek Lake Forest, CA 2
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 1978
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.63
    •  
  • 26472 Sandy Creek Lake Forest, CA 4
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1979
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $1.73
    •  
  • 26181 Sally Drive Lake Forest, CA 5
    • 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1979
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.74
    •  
PROPERTY LISTING DETAILS
Sean Stanfield
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 #: OC21045354
Last Updated: 03/12/2021
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