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23772 Via Porton Mission Viejo, CA 92691

4 Beds 3 Baths 2,478 sqft Built 1975

$899,999

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $363.20
  • 3 Days on Market
  • MLS # : OC20230617
  • Updated Date : 11/02/2020 at 17:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,478 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Costa Mesa

Listing Agent's Description

Don't miss this beautiful turn-key 4 bedrooms, 3 bath home located in the heart of Mission Viejo. This two-story home has been completely remodeled. The kitchen features granite counters, white cabinets, stainless steel appliances with ample cabinet storage. The kitchen opens to the family room and dining room. Very Open Floor Plan! Additionally, the backyard is nicely laid out and features a covered patio with pavers, a large lawn, and views of the Saddleback Mountains, surrounding cities and hills. The large front yard has an oversized driveway that has ample room for additional parking in front of a three-car garage. Low HOA dues include Lake Mission Viejo amenities and Lake Privileges which include swimming, boating, fishing, paddleboarding, 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!

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: Casta del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $239k787k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Casta del Sol

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21600180020002200240026002800300032003400Rent in $15053492

* 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
 

$809,999$989,999$899,999

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$3,321
Property Tax -$762
Property Insurance -$87
HOA -$21
Property Management Fees -$187
CASH FLOW
-$567

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$899,999

PROJECTED PRICE

$3,810

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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$0.0$10k$20k$30k

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$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $674,999
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$26,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,810

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $3,804

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3503$3,5504$3,8105$4,000
$4,000
RENT COMPS ANALYSIS
  • 23772 Via Porton Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $3,810
    • $1.54
    •  
  • 27385 Via Fineza Mission Viejo, CA 1
    • 5 beds 2 baths ∙ 2,143 Sqft ∙ Built 1974 5 beds 2 baths ∙ 2,143 Sqft ∙ Built 1974
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.54
    •  
  • 23552 Bermuda Dunes Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 1989
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.52
    •  
  • 23692 Via Astorga Mission Viejo, CA 3
    • 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1973
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.42
    •  
  • 27715 Killarney Mission Viejo, CA 5
    • 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 1994
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.66
    •  
PROPERTY LISTING DETAILS
Joseph Atkinson
Keller Williams Costa Mesa
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20230617
Last Updated: 11/02/2020
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