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26102 Via Pera #1E Mission Viejo, CA 92691

3 Beds 2 Baths 1,141 sqft Built 1972

$469,900

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
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.

SEE MORE

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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $150k787k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Aliso Villas

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800300032003400Rent in $10813492

* 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
Los Alisos Intermediate School Middle Magnet 948 39 6
Mission Viejo High School High Magnet 2,438 92 8
Los Alisos Intermediate School Middle Unknown NA

Los Alisos Intermediate School

  • Education Level: Middle
  • # of students: 948
  • # of teachers: 39
6
GreatSchools Rating

Mission Viejo High School

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

Los Alisos Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

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
$2,400
1$2,4002$2,4903$2,5004$2,5805$2,600
$2,600
RENT COMPS ANALYSIS
  • 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
Thomas Robison
Strawberry Fields Real Estate Services
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG21033924
Last Updated: 02/18/2021
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