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

26581 Tampico Place Mission Viejo, CA 92691

4 Beds 2 Baths 2,500 sqft Built 1971

$1,100,000

List Price

$3,770

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $440.00
  • 3 Days on Market
  • MLS # : OC21046559
  • Updated Date : 03/06/2021 at 13:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,500 sqft
  • Baths : 1 full , 1 half
Listing Agent

Regency Real Estate Brokers

Listing Agent's Description

It Doesn’t Get Better Than This! Open Concept Home Totally Upgraded in Highly Desirable Mission Viejo! Enter thru double doors to rich travertine flooring & a Beautiful wood flr staircase w/Custom Rod Iron. Spacious living rm w/bar island & wine frig. Kitchen is a gourmet’s dream remodeled w/2 large islands, pendant lights, custom cabinets,Thermador “48”double oven/gas stove top,Meile dishwasher, stainless steel hood, designer granite counters w/matching bksplsh, tons of cabinets & huge pantry. Large dining rm w/upgraded lights adjoins family rm w/stone fireplace. Open double sliding glass drs to newly pebbled pool & spa w/Aqua Link phone activation, Baja step w/umbrella & 2 water features. 2 Cabanas – one w/custom wood ceiling,TV,wood burning fireplace, built in Fire Magic BBQ, & outdoor fridge. There’s more: retractable awning, RV parking w/built in cleanout & dog run. Upstairs master is dreamy w/gas rock fireplace & breathtaking balcony views. Master bathrm suite reconfigured w/2 closets w/organizers, dual shower w/dual controls, stand alone Victorian fiber glass tub,TV,dual vanity w/ lighted mirror. 4 rooms upstairs all w/rich hardwood floors. Bathrm upstairs reconfigured to enlarge space & completely remodeled. Crown molding, larger baseboards, designer paint, shutters or window coverings, ceiling fans & LED lights thru-out. Doors & windows upgraded, piping upgraded to copper. Home includes 3 car garage, access to MV Lake, close to schools, parks & shopping.

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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,393$4,147$3,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,770
EXPENSES Loan Payment -$3,821
Property Tax -$948
Property Insurance -$87
HOA -$21
Property Management Fees -$185
CASH FLOW
-$1,292

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.

$1,100,000

PROJECTED PRICE

$3,770

PROJECTED RENT

0.34%

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-$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$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,405

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,770

    LIST RENT
  • $1.51

    LIST RENT PER SQFT
  • $3,794

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3503$3,7704$4,0005$4,500
$4,500
RENT COMPS ANALYSIS
  • 26581 Tampico Place Place Mission Viejo, CA 3
    • 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,770
    • $1.51
    •  
  • 23896 Cypress Lane Mission Viejo, CA 1
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 1977
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.46
    •  
  • 26591 Avenida Deseo Mission Viejo, CA 2
    • 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 1969
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.46
    •  
  • 26272 Tarrasa Ln. Mission Viejo, CA 4
    • 5 beds 3 baths ∙ 2,550 Sqft ∙ Built 1968 5 beds 3 baths ∙ 2,550 Sqft ∙ Built 1968
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.57
    •  
  • 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
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.58
    •  
PROPERTY LISTING DETAILS
Myrna Clark
Regency Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21046559
Last Updated: 03/06/2021
BESbswy