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24625 Sadaba Mission Viejo, CA 92692

3 Beds 2 Baths 1,792 sqft Built 1978

$949,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $529.58
  • 3 Days on Market
  • MLS # : OC20244142
  • Updated Date : 11/20/2020 at 16:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,792 sqft
  • Baths : 2 full
Listing Agent

The Address, Inc

Listing Agent's Description

Live large in this idyllic 3 bed, 2 bath stunner with Swim Spa in quiet sought-after area of Mission Viejo! This luxuriously updated single-story is completely remodeled & turnkey affording gracious light-filled interiors, open-concept living, floor-to-ceiling gas fireplace, brand new entertainer’s kitchen with high-end Dacor appliances, gorgeous designer baths, new hardwood floors & all new windows & doors. Spectacular outdoor oasis has a 25’ TildalFit Swim Spa & low maintenance turf lawn. Enjoy a fully equipped outdoor kitchen with barbecue, fridge & kegerator, plus a custom bar with gas fire table for taking in dramatic sunset views. Energy efficient solar panels (no lease), 2-car garage & impeccable attention to detail throughout. Rare find with virtually no electric bill!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Oso Valley Greenbelt

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Oso Valley Greenbelt

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200340036003800Rent in $17153818

* 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
Philip Reilly Elementary School Primary Unknown 547 23 8
Newhart Middle School Middle Regular 1,276 51 7
Capistrano Valley High School High Regular 2,384 86 9

Philip Reilly Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 23
8
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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$3,501
Property Tax -$804
Property Insurance -$70
HOA -$60
Property Management Fees -$160
CASH FLOW
-$1,326

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.

$949,000

PROJECTED PRICE

$3,270

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.1%
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$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$422

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $3,338

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,2704$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 24625 Sadaba Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $1.82
    •  
  • 28202 Via Cernuda Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1972
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.76
    •  
  • 28263 Leticia Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1979
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.01
    •  
  • 24511 Tabuenca Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 1,984 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,984 Sqft ∙ Built 1979
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.76
    •  
  • 27791 Tirante Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 1,903 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,903 Sqft ∙ Built 1977
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.92
    •  
PROPERTY LISTING DETAILS
Gregory Marinelli
The Address, Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20244142
Last Updated: 11/20/2020
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