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26551 Loma Verde Mission Viejo, CA 92691

4 Beds 3 Baths 2,790 sqft Built 1976

$1,200,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $430.11
  • 13 Days on Market
  • MLS # : OC21143420
  • Updated Date : 07/08/2021 at 05:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,790 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Welcome to your new paradise of a home located in Mission Viejo. Enter this unique home through the double doors and be greeted by a wide-open floorplan and high ceilings. Light-catching windows continue to tie the rooms together and lead you to the magnificent kitchen complete with a center island and amazing accents. The formal dining room has beautiful sliding glass doors and leads you to the stunning backyard complete with a custom pool, spa, firepit, gazebo with ceiling fan, and breathtaking panoramic views. The primary retreat is absolutely stunning with a walk-in closet, custom dual shower and tub, and a beautiful large window to enjoy the scenery. Located in close proximity to Lake Mission Viejo, Shopping, Golf, and Entertainment, don't miss this stunning opportunity!

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
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$4,168
Property Tax -$1,014
Property Insurance -$94
HOA -$92
Property Management Fees -$194
CASH FLOW
-$1,612

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.

$1,200,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.33%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $4,115

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$3,9503$3,9994$4,2005$4,250
$4,250
RENT COMPS ANALYSIS
  • 26551 Loma Verde Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.42
    •  
  • 26446 Ambia Mission Viejo, CA 1
    • 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
    •  
  • 26452 Via Marina Mission Viejo, CA 3
    • 5 beds 2 baths ∙ 2,985 Sqft ∙ Built 1974 5 beds 2 baths ∙ 2,985 Sqft ∙ Built 1974
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,999
    • $1.34
    •  
  • 26322 Ibeza Road Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,866 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,866 Sqft ∙ Built 1993
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.47
    •  
  • 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
Brian Morales
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21143420
Last Updated: 07/08/2021
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