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24772 Via San Felipe Mission Viejo, CA 92692

4 Beds 5 Baths 2,450 sqft Built 1973

INVESTimate

$975,000

List Price

$3,480

$3,230 - $3,730

Rent Est.

$1,022,288  ( +4.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $397.96
  • 6 Days on Market
  • MLS # : OC20171479
  • Updated Date : 08/22/2020 at 13:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,450 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

YOU WILL LOVE EVERYTHING ABOUT THIS HOME LOCATED IN A GREAT NEIGHBORHOOD. IT IS EVERYTHING YOU HAVE BEEN DREAMING OF! A RARE FIND. ONLY STEPS AWAY FORM THE OSO PARK TRAIL. VIEWS OF the magnificent Oso park from the kitchen, family room, dining room and master bedroom. Fresh paint throughout the house and lots of upgrades. A large front yard with fruit trees welcomes you. Double door entry into the exquisite living-room with cathedral ceiling and picture window. Enjoy large family gatherings in dining room with views. Beautiful gourmet kitchen with center island, lots of cabinets and pantry, equipped with top of the line 6 gas burner stove and double ovens with breakfast nook nearby. The family room with a wet bar and a marble gas fireplace is a delightful place for the family to gather. There is one bedroom downstairs with separate bath with separate entrance through garage. The stairway leads you to the bedrooms upstairs. The grand over-sized master suite has huge walk-in closet with double doors to balcony facing beautiful Oso Park and looking down on the back yard and water fountain. Wood flooring runs throughout the second floor and leads you to the large sized additional 2 bedrooms with large windows to invite in natural light. All bedrooms upstairs have ceiling fans. Sprinkler system and custom built in water fountain with timer adds to the beauty of this gorgeous home. Abundant storage. Low taxes. Excellent award winning schools!

SEE MORE

MARKET HIGHLIGHTS

  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.
  • 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)

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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

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-$20k-$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$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$3,597
Property Tax -$826
Property Insurance -$86
HOA -$22
Property Management Fees -$171
CASH FLOW
-$1,222

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.

$975,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.85%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $3,822

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,4803$3,7004$3,7505$3,900
$3,900
RENT COMPS ANALYSIS
  • 24772 Via San Felipe Mission Viejo, 2
    • 4 beds 5 baths ∙ 2,450 Sqft ∙ Built 1973 4 beds 5 baths ∙ 2,450 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $1.42
    •  
  • 24822 Leto Circle Mission Viejo, 1
    • 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1975
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.51
    •  
  • 28035 Sheffield Mission Viejo, 3
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1985
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.57
    •  
  • 25095 Amberwood Mission Viejo, 4
    • 5 beds 3 baths ∙ 2,427 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,427 Sqft ∙ Built 1987
    property image
    LEASED 05/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.55
    •  
  • 28111 Somerset Mission Viejo, 5
    • 5 beds 3 baths ∙ 2,427 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,427 Sqft ∙ Built 1986
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.61
    •  
PROPERTY LISTING DETAILS
Sahar Cyrus
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20171479
Last Updated: 08/22/2020
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