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25902 Via Pera #B1 Mission Viejo, CA 92691

3 Beds 2 Baths 1,141 sqft Built 1972

$499,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $437.34
  • 5 Days on Market
  • MLS # : OC21060734
  • Updated Date : 03/24/2021 at 09:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,141 sqft
  • Baths : 2 full
Listing Agent

Bullock Russell Re Services

Listing Agent's Description

BEAUTIFUL REMODELED SINGLE LEVEL END UNIT WITH NO ONE ABOVE***SITUATED ON PRIVATE TREE LINED ELEVATED LOT AND NESTLED BETWEEN TWO GREEN BELTS***THIS COVETED OPEN AND SPACIOUS FLOORPLAN FEATURES 3 BEDROOMS AND 2 FULL BATHROOMS***UPGRADES INCLUDE: NEW DUAL PANE WINDOWS THROUGHOUT, NEWLY UPGRADED A/C AND HEATING UNITS, BEAUTIFUL NEW PERGO FLOORING THROUGHOUT, NEW INTERIOR PAINT, REMODELED BATHROOMS, NEW STAINLESS STEEL APPLIANCES AND NEW KITCHEN COUNTERTOPS! ADDITIONAL FEATURES INCLUDE: A BEAUTIFUL PRIVATE PATIO WITH NEW VINYL FENCING, LARGE LIVING AND DINING ROOM WITH CUSTOM BUILT-IN SHELVING, CONVENIENT INTERIOR LAUNDRY ROOM WITH STORAGE PANTRY, A LARGE MASTER BEDROOM WITH A GREAT SIZED WALK-IN CLOSET, DETACHED OVERSIZED 1 CAR GARAGE AND 1 ADDITIONAL ASSIGNED PARKING SPACE CONVENENIENTLY LOCATED! THE WELL RUN HOA HAS JUST RE-PIPED THE ENTIRE COMPLEX WITH PEX PLUMBING, REPLACED GAS AND SEWER LINES AND IS CURRENTLY IN THE PROCESS OF PAINTING THE EXTERIOR. CONVENIENTLY LOCATED CLOSE TO SCHOOLS, PARKS, SHOPS AND RESTAURANTS. COME DISCOVER EVERYTHING THIS BEAUTIFUL HOME HAS TO OFFER!

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MARKET HIGHLIGHTS

  • 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]
  • 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)

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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,733
Property Tax -$429
Property Insurance -$55
HOA -$392
Property Management Fees -$116
CASH FLOW
-$365

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.

$499,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.47%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,797

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $2.07

    LIST RENT PER SQFT
  • $2,362

    COMP ESTIMATED VALUE
  • $2.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,360
1$2,3602$2,3953$2,4504$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 25902 Via Pera Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $2.07
    •  
  • 25921 Via Pera Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1972
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $2.10
    •  
  • 26491 Via Damasco Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $2.04
    •  
  • 26492 Via Conchita Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1971
    LEASED 12/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.02
    •  
  • 26482 Via Juanita Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1972
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.12
    •  
PROPERTY LISTING DETAILS
Ron Birkinshaw
Bullock Russell Re Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21060734
Last Updated: 03/24/2021
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