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25201 Pericia Drive Mission Viejo, CA 92691

3 Beds 2 Baths 1,680 sqft Built 1971

$850,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $505.95
  • 3 Days on Market
  • MLS # : OC21024796
  • Updated Date : 02/06/2021 at 15:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,680 sqft
  • Baths : 2 full
Listing Agent

Realty One Group West

Listing Agent's Description

Custom single-level home with permitted family room addition & expansive 10,660sf lot. Redesigned kitchen with granite countertops, 5-burner gas cooktop, island, recessed lighting, pantry & skylight providing bright, natural light. Living room with fireplace, formal dining room with large picture window with sunset views. Large family room with custom built-in cabinets (TV included). Master suite includes a spacious bedroom, updated bathroom vanity, sink, faucet, porcelain flooring & walk-in shower. Use the 2nd and 3rd bedrooms for guests or home office. Guest bathroom with tub/shower combo & skylight. Both bathrooms have newer Kohler toilets. Additional features include new exterior paint, wood plank style tile floors, carpet less than a year old. Solar City/Tesla solar panels to help with energy efficiency, installed in 2015, current lease is estimated $162/month. The welcoming backyard is an entertainer’s dream, large grassy area, plenty of room for a pool or home garden, ready & complete with party lights. No HOA, but you can enjoy a Lake Mission Viejo membership for a nominal, voluntary monthly fee, which offers access to boating, fishing, kayaking, sandy beach areas, & concert events for all the family to enjoy! Mission Viejo is home to Saddleback Unified School District, with Linda Vista Elementary & Esperanza Education Center just down the street. This home is close to restaurants, entertainment, parks, shopping & the I-5 freeway – what a great location!

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
La Paz Intermediate School Middle Regular 862 31 8
Mission Viejo High School High Magnet 2,438 92 8
La Paz Intermediate School Middle Unknown NA

La Paz Intermediate School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 31
8
GreatSchools Rating

Mission Viejo High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 92
8
GreatSchools Rating

La Paz Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$765,000$935,000$850,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,952
Property Tax -$731
Property Insurance -$68
Property Management Fees -$164
CASH FLOW
-$574

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.

$850,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.39%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$14,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $1.99

    LIST RENT PER SQFT
  • $3,381

    COMP ESTIMATED VALUE
  • $2.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,095
1$3,0952$3,2003$3,2954$3,3405$3,695
$3,695
RENT COMPS ANALYSIS
  • 25201 Pericia Drive Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $1.99
    •  
  • 26516 Aracena Drive Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1966
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $2.05
    •  
  • 26726 Saddleback Drive Mission Viejo, CA 2
    • 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 1967
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.08
    •  
  • 24731 Embajadores Lane Mission Viejo, CA 3
    • 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1968
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.95
    •  
  • 26332 Esmeralda Circle Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 1966
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.97
    •  
PROPERTY LISTING DETAILS
Jojo Harmon
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21024796
Last Updated: 02/06/2021
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