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26555 Matias Drive Mission Viejo, CA 92691

5 Beds 3 Baths 2,415 sqft Built 1967

$998,000

List Price

$4,280

$4K - $4.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $413.25
  • 11 Days on Market
  • MLS # : PW21027778
  • Updated Date : 02/17/2021 at 05:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,415 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Platinum Prop.

Listing Agent's Description

Panoramic View Home with tons of upgrades completes this Mission Viejo Home. Open & sunny living room with vaulted ceilings & fireplace opens to the spacious backyard with beautiful views. Private backyard where nobody can see from outside. Elegant kitchen with updates that include upgraded cabinets, counters, backsplash SS appliances, and magnificent views! Oversized master bedroom is complete with a large bonus room that can be used as an office. Enjoy views from the privacy of this master bedroom. All bedrooms boast views and wood flooring. Bathrooms feature custom tile work, classic solid wood cabinets with custom granite countertops and travertine floors. Home has been worked on meticulously with upgraded floors that include travertine and wood. Walking through the home, you will notice many details showing how well the home has been maintained. Repiping of both the inside and outside has been recently done. Attention to details in the garage too with epoxy floors. Residents have access to Lake Mission Viejo membership for Racquet Club, pools, tennis and more. 26555 Matias is nestled in a wonderful community with no Mello Roos and low HOA. Walking distance to park and school. Enjoy Beautiful Sunsets.

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
 

$898,200$1,097,800$998,000

PURCHASE PRICE

$3,852$4,708$4,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,280
EXPENSES Loan Payment -$3,466
Property Tax -$860
Property Insurance -$97
HOA -$42
Property Management Fees -$210
CASH FLOW
-$396

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.

$998,000

PROJECTED PRICE

$4,280

PROJECTED RENT

0.43%

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-$10k$0.0$10k$20k$30k

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$270,220

INVESTMENT

$270,220

Down Payment
$249,500
Rehab Estimate
$5,750
Closing Costs
$14,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,500
Loan Amount $748,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$33,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,280

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $4,282

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0003$4,2004$4,2805$4,500
$4,500
RENT COMPS ANALYSIS
  • 26555 Matias Drive Mission Viejo, CA 4
    • 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1967 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $4,280
    • $1.47
    •  
  • 25881 Appian Way Mission Viejo, CA 1
    • 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 1977
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.40
    •  
  • 26561 Tampico Place Mission Viejo, CA 2
    • 6 beds 2 baths ∙ 2,882 Sqft ∙ Built 1972 6 beds 2 baths ∙ 2,882 Sqft ∙ Built 1972
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.39
    •  
  • 25281 Linda Vista Drive Laguna Hills, CA 3
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1979
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.50
    •  
  • 25436 Adriana Street Mission Viejo, CA 5
    • 4 beds 2 baths ∙ 2,842 Sqft ∙ Built 1967 4 beds 2 baths ∙ 2,842 Sqft ∙ Built 1967
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.58
    •  
PROPERTY LISTING DETAILS
Jay Jung
Coldwell Banker Platinum Prop.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21027778
Last Updated: 02/17/2021
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