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25672 Minos Street Mission Viejo, CA 92691

5 Beds 3 Baths 2,582 sqft Built 1975

$1,025,000

List Price

$4,210

$4K - $4.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $396.98
  • 5 Days on Market
  • MLS # : OC21147919
  • Updated Date : 07/09/2021 at 14:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,582 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Featuring 5 bedrooms and 3 full bathrooms, this spacious family home is a quiet gem. A beautiful corner lot and Spanish tiled roof are welcome sights after a long day’s work. Park inside the 3 car garage and head straight into the house. Grab a quick snack from the well designed kitchen and choose a living area for relaxing. With 2 indoor fireplaces, plus a private backyard with its own fireplace and built in BBQ there are plenty of hangouts. The second story bedrooms have nice peekaboo views, and the master includes a cozy office/reading nook. Enjoy the fresh chill of a newer AC unit and a neighborhood with NO HOAs. Minutes to shopping, restaurants and easy freeway access. Plus, award winning schools make this property an awesome opportunity.

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MARKET HIGHLIGHTS

  • 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.
  • 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]

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
 

$922,500$1,127,500$1,025,000

PURCHASE PRICE

$3,789$4,631$4,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,210
EXPENSES Loan Payment -$3,560
Property Tax -$881
Property Insurance -$89
Property Management Fees -$206
CASH FLOW
-$527

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.

$1,025,000

PROJECTED PRICE

$4,210

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.8%
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-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$277,375

INVESTMENT

$277,375

Down Payment
$256,250
Rehab Estimate
$5,750
Closing Costs
$15,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $256,250
Loan Amount $768,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$27,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,210

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $4,247

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0003$4,2104$4,3005$4,500
$4,500
RENT COMPS ANALYSIS
  • 25672 Minos Street Mission Viejo, CA 3
    • 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $4,210
    • $1.63
    •  
  • 25231 Tasman Road Laguna Hills, CA 1
    • 4 beds 2 baths ∙ 2,457 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,457 Sqft ∙ Built 1965
    LEASED 05/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.55
    •  
  • 26272 Tarrasa Ln. Mission Viejo, CA 2
    • 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
    •  
  • 25531 Mackenzie Laguna Hills, CA 4
    • 5 beds 3 baths ∙ 2,514 Sqft ∙ Built 1975 5 beds 3 baths ∙ 2,514 Sqft ∙ Built 1975
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.71
    •  
  • 25292 Pacifica Avenue Mission Viejo, CA 5
    • 5 beds 3 baths ∙ 2,570 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,570 Sqft ∙ Built 1968
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.75
    •  
PROPERTY LISTING DETAILS
Bob Strausheim
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21147919
Last Updated: 07/09/2021
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