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25223 Terreno Drive Mission Viejo, CA 92691

4 Beds 3 Baths 2,700 sqft Built 1967

$1,100,000

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $407.41
  • 3 Days on Market
  • MLS # : OC21038363
  • Updated Date : 02/26/2021 at 15:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,700 sqft
  • Baths : 3 full
Listing Agent

Harcourts Prime Properties

Listing Agent's Description

This gorgeous home with large lot has been remodeled with no detail missed. Spread out over 2700 square feet of beautiful living space featuring 4 bedrooms and 3 bathrooms. Downstairs is a very private area with a bedroom, bathroom and large TV room. Enter the main level and enjoy the large open living room and dining room that opens up to the kitchen. Upstairs you will find 2 large bedrooms and a master suite with gorgeous deck looking over the well maintained yard. This home is close to restaurants, shops and many more! This home will not last long!!!

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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$3,821
Property Tax -$946
Property Insurance -$92
Property Management Fees -$190
CASH FLOW
-$1,178

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.

$1,100,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.35%

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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,075

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,870

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $4,003

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$3,695
1$3,6952$3,8003$3,8004$3,8705$4,000
$4,000
RENT COMPS ANALYSIS
  • 25223 Terreno Drive Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $3,870
    • $1.43
    •  
  • 27031 Condado Lane Mission Viejo, CA 1
    • 4 beds 4 baths ∙ 2,579 Sqft ∙ Built 1969 4 beds 4 baths ∙ 2,579 Sqft ∙ Built 1969
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.43
    •  
  • 25881 Appian Way Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 1977
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.40
    •  
  • 24981 Via Marfil Mission Viejo, CA 3
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1973
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.53
    •  
  • 26272 Tarrasa Ln. Mission Viejo, CA 5
    • 5 beds 3 baths ∙ 2,550 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,550 Sqft ∙ Built 1968
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.57
    •  
PROPERTY LISTING DETAILS
Justin Green
Harcourts Prime Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21038363
Last Updated: 02/26/2021
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