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26552 San Torini Road Mission Viejo, CA 92692

4 Beds 3 Baths 2,100 sqft Built 1990

$875,000

List Price

$3,510

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $416.67
  • 7 Days on Market
  • MLS # : OC20227682
  • Updated Date : 10/30/2020 at 09:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,100 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sea Glass Properties

Listing Agent's Description

Wonderful panoramic view and cul de sac home! This beautiful home boasts an open kitchen and family room area... kitchen with granite countertops and central island! You'll love the spacious feeling floor plan with both a separate family room and living room area, cathedral ceilings, high windows with plenty of light, crown and baseboard molding! The master suite includes a large walk in closet as well as a secondary closet, master bath with dual sinks, separate shower and tub. The peaceful panoramic view of the hills from the master bedroom and bath is ready and waiting for you! Four spacious bedrooms are all upstairs and include newer carpeting and fresh paint! Whole downstairs interior and kitchen have just been freshly painted as well. Enjoy evenings together with friends and family with two different patio areas in this entertainer's backyard with wonderful view of the hills behind the home! The home is part of the Lake Mission Viejo membership where you can enjoy boating, swimming, fishing, outdoor concerts and more! The kids can walk to California Distinguished School Bathgate Elementary! Top notch schools and low tax rates await! Don't miss out on this one!

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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: Califia

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900k950kPrice in $272k984k

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

Neighborhood: Califia

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
Bathgate Elementary School Primary Regular 708 23 7
Newhart Middle School Middle Regular 1,276 51 7
Capistrano Valley High School High Regular 2,384 86 9

Bathgate Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 23
7
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
 

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

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$3,228
Property Tax -$735
Property Insurance -$78
HOA -$125
Property Management Fees -$172
CASH FLOW
-$828

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

$3,510

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.6%
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.

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,510

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,507

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3503$3,5004$3,5105$3,700
$3,700
RENT COMPS ANALYSIS
  • 26552 San Torini Road Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $3,510
    • $1.67
    •  
  • 26726 Baronet Mission Viejo, CA 1
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1982
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.62
    •  
  • 26786 Baronet Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1988
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.64
    •  
  • 26591 Somerly Mission Viejo, CA 3
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1991
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.66
    •  
  • 26712 Baronet Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1988
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.76
    •  
PROPERTY LISTING DETAILS
Teresa Clark
Sea Glass Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20227682
Last Updated: 10/30/2020
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