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26232 Golada Mission Viejo, CA 92692

4 Beds 3 Baths 2,512 sqft Built 1983

$985,000

List Price

$3,650

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $392.12
  • 3 Days on Market
  • MLS # : NP21004363
  • Updated Date : 01/08/2021 at 15:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,512 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Located near both Lake Mission Viejo and Mission Viejo Country Club, this beautiful four bedroom, 2.5 bath home has been upgraded throughout and is move-in ready. A charming Dutch door greets your guests, with a spacious living room that is perfect for entertaining! Newer wood and tile floors, plantation shutters and newer vinyl windows throughout add great farmhouse style. Cooking is never a chore with quartzite countertops, subway tile backsplash, farmhouse sink, and stainless steel Bosch and GE appliances in the kitchen. All bathrooms were recently updated to add to this home's stylish appeal. Epoxy coating was completed for plumbing for added peace of mind. Excellent location with no homes behind it for extra privacy. Come home to Mission Viejo!

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
Carl Hankey Elementary School Primary Regular 397 13 6
Newhart Middle School Middle Regular 1,276 51 7
Capistrano Valley High School High Regular 2,384 86 9

Carl Hankey Elementary School

  • Education Level: Primary
  • # of students: 397
  • # of teachers: 13
6
GreatSchools Rating

Newhart Middle School

  • Education Level: Middle
  • # of students: 1,276
  • # of teachers: 51
7
GreatSchools Rating

Capistrano Valley High School

  • Education Level: High
  • # of students: 2,384
  • # of teachers: 86
9
GreatSchools Rating
 

$886,500$1,083,500$985,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$3,421
Property Tax -$833
Property Insurance -$88
HOA -$86
Property Management Fees -$179
CASH FLOW
-$957

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.

$985,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$266,775

INVESTMENT

$266,775

Down Payment
$246,250
Rehab Estimate
$5,750
Closing Costs
$14,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $246,250
Loan Amount $738,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,650

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $3,875

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,8753$3,9004$3,9005$4,250
$4,250
RENT COMPS ANALYSIS
  • 26232 Golada Mission Viejo, CA 1
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.45
    •  
  • 26186 Buscador Mission Viejo, CA 2
    • 5 beds 3 baths ∙ 2,525 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,525 Sqft ∙ Built 1980
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,875
    • $1.53
    •  
  • 26206 Buscador Mission Viejo, CA 3
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1980
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.55
    •  
  • 26446 Ambia Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1985
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.49
    •  
  • 26252 Verona Place Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 1993
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.60
    •  
PROPERTY LISTING DETAILS
Ed Machoskie
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: NP21004363
Last Updated: 01/08/2021
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