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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $411.83
- 4 Days on Market
- MLS # : LG21033924
- Updated Date : 02/18/2021 at 10:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,141 sqft
- Baths : 2 full
Listing Agent
Strawberry Fields Real Estate Services
Listing Agent's Description
No one above this one story condominium that feels like a single story home. Three Bedrooms and Two Baths with a good-sized living room and dining room. Master Bedroom has large walk-in closet and private bathroom with walk-in shower. All bedrooms have ceiling fans. One car detached garage and one assigned exterior parking space. Unit faces greenbelt with no view of other condominiums.
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MARKET HIGHLIGHTS
- 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)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Aliso Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Aliso Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,632 |
| Property Tax | -$404 | |
| Property Insurance | -$55 | |
| HOA | -$405 | |
| Property Management Fees | -$122 | |
|
CASH FLOW
-$128
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$469,900
PROJECTED PRICE
$2,490
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.24% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$130,274
LOAN DETAILS
$1,632
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,475 |
| Loan Amount | $352,425 |
4.08
YEARS SAVED
$18,185
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$2.18
LIST RENT PER SQFT
-
$2,482
COMP ESTIMATED VALUE -
$2.18
COMP AVG. RENT PER SQFT
Comps Range
-
26102 Via Pera Mission Viejo, CA 2
- 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $2,490
- $2.18
-
23276 Orange Avenue Lake Forest, CA 1
- 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1980
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,400
- $2.12
-
22901 Via Cereza Mission Viejo, CA 3
- 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1971
LEASED 05/31/20- Rent
- Rent Per SQFT
- $2,500
- $2.19
-
26322 Via Roble Mission Viejo, CA 4
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973
LEASED 09/29/20- Rent
- Rent Per SQFT
- $2,580
- $2.15
-
25312 Via Viejo Lake Forest, CA 5
- 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1973
LEASED 04/25/20- Rent
- Rent Per SQFT
- $2,600
- $2.24
PROPERTY LISTING DETAILS
Strawberry Fields Real Estate Services
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: LG21033924
Last Updated: 02/18/2021
