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

24412 Via Santa Clara Mission Viejo, CA 92692

3 Beds 2 Baths 1,812 sqft Built 1972

$879,999

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $485.65
  • 5 Days on Market
  • MLS # : PW21002856
  • Updated Date : 01/07/2021 at 14:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent

The Mantelli Group

Listing Agent's Description

Upgrades, Upgrades, Upgrades! This stunning and turnkey home sits in the most desirable part of Mission Viejo! Via Santa Clara is an entertainer’s dream! The entry welcomes you into the sophisticated, open living and dining room with vaulted ceilings and wainscoting coating all around the entry, living room, and dining room area. The wainscoting was crafted with perfection to increase the elegance of the home. The open layout invites you to walk and view the beautiful scenery directly from your living room. The kitchen features unique granite countertops with luxury subway tile backsplash. The two remodeled bathrooms are updated with warm colors, updated fixtures, and tiled floors. Interior doors and fixtures have all been replaced along with newer dual pane windows.This three-bedroom, two-bathroom home with unrivaled curb appeal is an absolute must-see. It offers an elegant double door entry with a grand view of the canyon from nearly every room in the house. The primary bedroom is situated away from the two secondary bedrooms, providing a real sense of privacy. Slip out the French doors to enjoy coffee in the morning and watch the sunrise.

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
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
 

$791,999$967,999$879,999

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,057
Property Tax -$745
Property Insurance -$71
HOA -$19
Property Management Fees -$161
CASH FLOW
-$763

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.

$879,999

PROJECTED PRICE

$3,290

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$20k

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$238,950

INVESTMENT

$238,950

Down Payment
$220,000
Rehab Estimate
$5,750
Closing Costs
$13,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,057

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $220,000
Loan Amount $659,999
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $3,284

    COMP ESTIMATED VALUE
  • $1.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,2904$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 24412 Via Santa Clara Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.82
    •  
  • 24392 Via Santa Clara Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1973
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.73
    •  
  • 23826 Lagarto Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1975
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.79
    •  
  • 27311 Via Rioja Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1974
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.82
    •  
  • 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
Vidal Valdez
The Mantelli Group
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21002856
Last Updated: 01/07/2021
BESbswy