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26332 Naccome Drive Mission Viejo, CA 92691

3 Beds 2 Baths 1,509 sqft Built 1968

$875,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $579.85
  • 4 Days on Market
  • MLS # : OC21018341
  • Updated Date : 03/05/2021 at 13:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,509 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Desirable single level beauty, updated and renovated throughout. Charming curb appeal and a striking double door entry welcome you in. Vaulted Ceilings, LED recessed lighting, new flooring, new carpet, and custom light fixtures throughout the light filled open-concept floorplan create the perfect living environment. The main living area boasts a wonderful view via the large sliders opening to the backyard. The ambiance filled dining area has a cozy fireplace, custom lighting, and built-in cabinetry. Spectacular Chef’s kitchen with sleek Quartz countertops, full tile backsplash, Shaker cabinetry, stainless steel appliances, deep farmhouse sink, updated hardware and fixtures, a gorgeous view of the backyard, large center island, prized breakfast bar, all open to the living and dining areas with direct access to the patio, creating the perfect space for entertaining family and friends. The master suite is a peaceful retreat with vaulted ceilings, barn-door features, custom closet organizers and an amazing remodeled master bath with dual Quartz topped vanity, framed vanity mirror, updated lighting and fixtures, and an oversized step-in shower with frameless glass enclosure and custom tile features. Additional features include whole house fan, tankless water heater, and new ceiling fans. Backyard oasis with gorgeous shade tree, lush landscaping, large covered patio, expansive lawn, and new wireless app controlled zoned irrigation system. MV Swim & Racquet Club membership.

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: 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
 

$787,500$962,500$875,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$3,039
Property Tax -$754
Property Insurance -$64
HOA -$42
Property Management Fees -$160
CASH FLOW
-$789

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.

$875,000

PROJECTED PRICE

$3,270

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,033

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $2.17

    LIST RENT PER SQFT
  • $3,063

    COMP ESTIMATED VALUE
  • $2.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9953$3,2704$3,2955$3,300
$3,300
RENT COMPS ANALYSIS
  • 26332 Naccome Drive Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $2.17
    •  
  • 24866 Leto Circle Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1974
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.96
    •  
  • 26661 Cortina Drive Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1970
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.10
    •  
  • 24731 Embajadores Lane Mission Viejo, CA 4
    • 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1968
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.95
    •  
  • 23831 San Esteban Drive Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1971
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.11
    •  
PROPERTY LISTING DETAILS
Jordan Bennett
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21018341
Last Updated: 03/05/2021
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