Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

26546 Azuer Mission Viejo, CA 92691

3 Beds 3 Baths 1,863 sqft Built 1976

$710,000

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $381.11
  • 4 Days on Market
  • MLS # : OC21150369
  • Updated Date : 07/11/2021 at 08:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,863 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

Location, Location, Location. Welcome to the La Mancha community. This home has a large and spacious open floor plan. End unit with amazing views. This floorplan offers a spacious living room, with a gas burning fireplace and a private patio area with sliding doors just off the living space. There is a separate dining room just off the kitchen. The kitchen has ample storage and counter space. There is another patio area directly off the dining room with amazing green belt views. Perfect for entertaining, BBQ's or just relaxing. The downstairs offers Spanish tiles throughout most of the downstairs area with the exception of the carpeted living room. Upstairs has 3 spacious bedrooms. The master bedroom is large and also offers it's own private bathroom with a large tub/shower. The secondary bedrooms are spacious as well. There is a separate laundry room just off the garage entry. Drive home into your large 2 car garage with extra storage and direct garage access. This home is ready for you to put your own personal touches. The possibility are endless. Centrally located and close to freeways, restaurants, golfing and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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]

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
Viejo Elementary School Primary Regular 397 15 4
Newhart Middle School Middle Regular 1,276 51 7
Capistrano Valley High School High Regular 2,384 86 9

Viejo Elementary School

  • Education Level: Primary
  • # of students: 397
  • # of teachers: 15
4
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
 

$639,000$781,000$710,000

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$2,466
Property Tax -$602
Property Insurance -$72
HOA -$417
Property Management Fees -$158
CASH FLOW
-$485

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.

$710,000

PROJECTED PRICE

$3,230

PROJECTED RENT

0.45%

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-$10k-$5.0k$0.0$5.0k$10k$15k

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$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$9,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $3,237

    COMP ESTIMATED VALUE
  • $1.74

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,2004$3,2305$3,550
$3,550
RENT COMPS ANALYSIS
  • 26546 Azuer Mission Viejo, CA 4
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $1.73
    •  
  • 26586 Mambrino Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1976
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.61
    •  
  • 26745 Dulcinea Mission Viejo, CA 2
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1976
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.85
    •  
  • 26582 Lucinda Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1976
    LEASED 06/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.75
    •  
  • 26631 Strafford Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1990
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.74
    •  
PROPERTY LISTING DETAILS
Denise Mellor
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21150369
Last Updated: 07/11/2021
BESbswy