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23542 Saint Elena Mission Viejo, CA 92691

3 Beds 2 Baths 1,470 sqft Built 1975

$799,999

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $544.22
  • 3 Days on Market
  • MLS # : PW20230402
  • Updated Date : 11/02/2020 at 17:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,470 sqft
  • Baths : 2 full
Listing Agent

Real Estate Xperts Inc.

Listing Agent's Description

TURNKEY, VIEW HOME ON A SINGLE LOADED STREET. Don't miss this beautiful 3 bedroom, 2 bath home located in the heart of Mission Viejo. This single level home has been completely remodeled. The kitchen features quartz counters with an eat in island, new cabinets, roll out drawers, stainless steel appliances with ample cabinet space. Kitchen opens to the family room and dining room. Very Open Floor Plan! The home has been newly painted with newly installed flooring. Additionally, the backyard is nicely laid out and features a covered patio with pavers, large lawn area with synthetic turf and views of the Saddleback Mountains, surrounding cities and hills. The large front yard has an oversized driveway which has ample room for additional parking. Low HOA dues includes Lake Mission Viejo amenities and Lake Privileges which include swimming, boating, fishing, paddle boarding and entertainment. Located in the award winning Capistrano Unified School District. This home is conveniently located near great schools, parks, shopping centers, restaurants, and the freeways. Great Location and Opportunity. A Must See!

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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
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
 

$719,999$879,999$799,999

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,952
Property Tax -$677
Property Insurance -$63
HOA -$20
Property Management Fees -$145
CASH FLOW
-$897

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.

$799,999

PROJECTED PRICE

$2,960

PROJECTED RENT

0.37%

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

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$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $599,999
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$3,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $2.01

    LIST RENT PER SQFT
  • $2,955

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,9604$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 23542 Saint Elena Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $2.01
    •  
  • 23361 Via Linda Mission Viejo, CA 1
    • 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
    •  
  • 28021 Via Unamuno Mission Viejo, CA 2
    • 3 beds 1 baths ∙ 1,459 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,459 Sqft ∙ Built 1973
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.92
    •  
  • 27872 Calle Marin Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1972
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.94
    •  
  • 27939 Chiclana Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1978
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.14
    •  
PROPERTY LISTING DETAILS
Tiffany Yoon
Real Estate Xperts Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20230402
Last Updated: 11/02/2020
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