Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

25271 Aldea Court Mission Viejo, CA 92691

3 Beds 2 Baths 1,477 sqft Built 1977

INVESTimate

$724,999

List Price

$2,950

$2,700 - $3,200

Rent Est.

$760,161  ( +4.85%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $490.86
  • 16 Days on Market
  • MLS # : OC20157281
  • Updated Date : 08/22/2020 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Grand Avenue Realty & Lending

Listing Agent's Description

Find your dream California Lifestyle in this stunning Mission Viejo home. Live, work, entertain and relax in this single-story sanctuary featuring a tranquil inner courtyard with peaceful fountain and drought-tolerant landscaping. This TURN-KEY home boasts 1477 sq.ft, 3 bedrooms, 2 bathrooms, and spacious airy great room. Fresh interior and exterior paint and newly redesigned hardscape set the perfect backdrop for any home design esthetic you desire. The home’s open floor plan, vaulted ceilings, bamboo floors, travertine and natural stone baths, spa-likes overhead rain shower and oversized deep soak tub are finished exquisitely. Multiple oversized French doors in the great-room allow a flood of natural light into the home and flow into different areas of the gorgeous backyard. This stunning home is located on a quiet, family-friendly cul de sac and is move-in ready. Located near award winning schools, Irvine Spectrum, beaches, and walking distance to great shopping and a gym. Join us in learning why this home is the perfect peaceful retreat to call home.

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
Del Cerro Elementary School Primary Magnet 514 17 6
Del Cerro Elementary School Middle Magnet 514 17 6
Mission Viejo High School High Magnet 2,438 92 8

Del Cerro Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 17
6
GreatSchools Rating

Del Cerro Elementary School

  • Education Level: Middle
  • # of students: 514
  • # of teachers: 17
6
GreatSchools Rating

Mission Viejo High School

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

$652,499$797,499$724,999

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,675
Property Tax -$623
Property Insurance -$63
HOA -$125
Property Management Fees -$145
CASH FLOW
-$680

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.

$724,999

PROJECTED PRICE

$2,950

PROJECTED RENT

0.41%

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,749
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $2

    LIST RENT PER SQFT
  • $3,135

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9503$3,0004$3,2005$3,350
$3,350
RENT COMPS ANALYSIS
  • 25271 Aldea Court Mission Viejo, 2
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.00
    •  
  • 24211 Barquero Drive Mission Viejo, 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1968
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.06
    •  
  • 24956 Wells Fargo Drive Laguna Hills, 3
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1970
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.01
    •  
  • 25251 Costeau Street Laguna Hills, 4
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1973
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.24
    •  
  • 26091 Avenida Bonachon Mission Viejo, 5
    • 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,538 Sqft ∙ Built 1968
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $2.18
    •  
PROPERTY LISTING DETAILS
Julian Gaitan
Grand Avenue Realty & Lending
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20157281
Last Updated: 08/22/2020
BESbswy