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25031 Amberwood Mission Viejo, CA 92692

4 Beds 3 Baths 2,196 sqft Built 1987

INVESTimate

$875,000

List Price

$4,000

$3,750 - $4,250

Rent Est.

$915,075  ( +4.58%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $398.45
  • 6 Days on Market
  • MLS # : OC20164659
  • Updated Date : 08/21/2020 at 16:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,196 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Gorgeous View Location, on a peaceful single loaded cul-de-sac in south MV… This remarkable 4-bedroom, 3-bath home in the Sunrise Ridge tract will steal your heart! The entry opens to a large living and dining space with updated chandeliers and fresh new vinyl flooring, creating a spacious feel. The family room has a cozy fireplace and opens to the beautiful backyard. The kitchen boasts a microwave and oven, recently installed, and there is plenty of storage and counter space. The nook opens to the side yard. The floor plan flows thru light and bright! The master suite has a large deck to enjoy the open view, with vinyl railing and trek-like decking, dual master sinks and a walk-in closet, separate soaking tub and shower in the private bathroom. The two secondary bedrooms upstairs are a perfect size, and the converted office may also be a fourth bedroom. Two car attached garage with storage and interior laundry room. The backyard sanctuary is ideal for relaxation. Your outdoor garden hosts planter beds for strawberries, herbs, roses, and fruit trees – including lemon, lime, and dwarf orange. Enjoy award-winning schools, hospitals, shopping, close-by freeways, and beach access, parks & trails, and dog lovers will enjoy the nearby La Paws dog park. Mission Viejo offers fantastic amenities, including Lake Mission Viejo, where you will enjoy boating, picnicking, and movie/concert nights under the stars. A truly remarkable place to call home.

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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 Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k930k

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

Neighborhood: Mission Sunrise

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
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
 

$787,500$962,500$875,000

PURCHASE PRICE

$3,600$4,400$4,000

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,000
EXPENSES Loan Payment -$3,228
Property Tax -$740
Property Insurance -$80
HOA -$85
Property Management Fees -$196
CASH FLOW
-$330

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.

$875,000

PROJECTED PRICE

$4,000

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.58%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$39,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,000

    LIST RENT
  • $1.82

    LIST RENT PER SQFT
  • $4,002

    COMP ESTIMATED VALUE
  • $1.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,7503$4,0004$4,2005$4,300
$4,300
RENT COMPS ANALYSIS
  • 25031 Amberwood Mission Viejo, 3
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.82
    •  
  • 9 Royalston Mission Viejo, 1
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1995
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.83
    •  
  • 25086 Whitespring Mission Viejo, 2
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.71
    •  
  • 25265 Fairgreen Mission Viejo, 4
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1989
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.86
    •  
  • 25051 Amberwood Mission Viejo, 5
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1987
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.90
    •  
PROPERTY LISTING DETAILS
Vicki Goodell
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20164659
Last Updated: 08/21/2020
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