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25625 Via Viento Mission Viejo, CA 92691

4 Beds 2 Baths 1,675 sqft Built 1966

$759,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $453.13
  • 3 Days on Market
  • MLS # : OC21024709
  • Updated Date : 02/05/2021 at 13:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,675 sqft
  • Baths : 2 full
Listing Agent

Hms Home And Mortgage Services

Listing Agent's Description

Wonderful 1,675 SF single-story home in a quaint, quiet neighborhood of Mission Viejo. This diamond-in the rough has 4 bedrooms + large Den and 2 baths situated on a huge 11,500 SF lot. Fantastic location in the La Paz tract just a short stroll to a high school, intermediate school, local shopping centers, coffee shops, Oso Creek trail and 5 freeway. It features vaulted ceilings, fireplace, central AC, instant-hot water, double sided windows, and a 2-car direct access garage. It is a fantastic blank slate ready for the next owner's creative updates and personal touch to make it shine again.

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
 

$683,100$834,900$759,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$2,636
Property Tax -$653
Property Insurance -$68
Property Management Fees -$163
CASH FLOW
-$199

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.

$759,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.44%

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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$206,885

INVESTMENT

$206,885

Down Payment
$189,750
Rehab Estimate
$5,750
Closing Costs
$11,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,636

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $189,750
Loan Amount $569,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$33,718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $1.98

    LIST RENT PER SQFT
  • $3,308

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2953$3,3204$3,6005$3,695
$3,695
RENT COMPS ANALYSIS
  • 25625 Via Viento Mission Viejo, CA 3
    • 4 beds 2 baths ∙ 1,675 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,675 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $1.98
    •  
  • 26726 Saddleback Drive Mission Viejo, CA 1
    • 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 2
    • 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
    •  
  • 26672 Pariso Dr. Mission Viejo, CA 4
    • 3 beds 1 baths ∙ 1,897 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,897 Sqft ∙ Built 1967
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.90
    •  
  • 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
Khanh Lu
Hms Home And Mortgage Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21024709
Last Updated: 02/05/2021
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