Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

23611 Amalia Place Mission Viejo, CA 92691

3 Beds 2 Baths 1,790 sqft Built 1971

$1,029,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $574.86
  • 21 Days on Market
  • MLS # : OC21135843
  • Updated Date : 07/10/2021 at 14:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,790 sqft
  • Baths : 2 full
Listing Agent

Sterling Pacific Real Estate

Listing Agent's Description

"TURN KEY and WELL MAINTAINED" Single Story Pool Home! Tastefully Remodeled throughout, this home is Solid and Features: Open and Flowing Floor plan, yet provides for Separate Living Spaces, with GREAT Ambiance for Relaxation and Entertaining. Granite Counters in Kitchen, with door leading to the side of the Home. 4 Skylights ACCENT the Pristine Oak Hardwood Floors throughout, with HIGH QUALITY UV Filmed French Doors that meld the Living Room to the Pool Deck, as well as, Each Bedroom has French Doors, the Master Bedroom leads to the Pool and Spa and a Private, Enclosed Patio Area for the Secondary Bedrooms. A New Whole House Fan helps keep the Home Cool and Energy Costs Lower. New Recessed Lighting in Kitchen and Family Rooms and a Reverse Osmosis Water Filter System. The Master Bedroom has a Newly installed Wardrobe Closet that you will Love! Beautiful Gunite base Pool and Spa with Solar Panel Heating System, in Private Backyard with Trellis Covering that is enclosed by a Newer Cedar Fence. Central AC and Heating, and a New Flush-Mount Garage Door Opener for the Direct-Access 2-Car Garage. The Attic has a retractable Stairway in the Hallway for Additional Storage, and has been recently re-insulated for further Energy Efficiency. Home is located on a LOW traffic cul-de-sac and a 2-min drive to Christopher Park. Access to Beautiful Lake Mission Viejo with privileges that include the enjoyment of Lake Mission Viejo, 2 Beaches, Boating, Fishing, Summer Concerts, and other year-round Activities. LOW Tax Base 1.02%, NO MELLO ROOS, and EASY ACCESS to Saddleback Valley Schools, 5 Fwy, Dining and Shopping! Check out this video - https://vimeo.com/user9072077/review/566451222/fb65633eca

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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
La Paz Intermediate School Middle Regular 862 31 8
Mission Viejo High School High Magnet 2,438 92 8
La Paz Intermediate School Middle Unknown NA

La Paz Intermediate School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 31
8
GreatSchools Rating

Mission Viejo High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 92
8
GreatSchools Rating

La Paz Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$926,100$1,131,900$1,029,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$3,574
Property Tax -$887
Property Insurance -$70
HOA -$21
Property Management Fees -$165
CASH FLOW
-$1,357

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.

$1,029,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.33%

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-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$278,435

INVESTMENT

$278,435

Down Payment
$257,250
Rehab Estimate
$5,750
Closing Costs
$15,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,574

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $257,250
Loan Amount $771,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $1.88

    LIST RENT PER SQFT
  • $3,370

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,3603$3,4004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 23611 Amalia Place Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $1.88
    •  
  • 26731 Valpariso Drive Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1971
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.81
    •  
  • 27311 Via Rioja Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1974
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.88
    •  
  • 24155 Juaneno Drive Mission Viejo, CA 4
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1969
    LEASED 03/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.93
    •  
  • 27381 Via Amistoso Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1974
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.91
    •  
PROPERTY LISTING DETAILS
Richard Lougee
Sterling Pacific Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21135843
Last Updated: 07/10/2021
BESbswy