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26591 Oliva Drive Mission Viejo, CA 92692

3 Beds 2 Baths 1,410 sqft Built 1969

$769,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $545.39
  • 4 Days on Market
  • MLS # : OC20264822
  • Updated Date : 12/31/2020 at 15:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent

Help-u-sell Wright

Listing Agent's Description

Prime location, totally upgraded and turnkey single story home located near the Saddleback Community College, one block from the Arroyo Trabuco Golf Course and Resort and has easy access to the freeway. There is over 10,000 square foot of land with unlimited RV and boat access that can be secured behind a gated access. The interior has been fully upgraded from the new vinyl wood style flooring to the custom lighting and vaulted ceilings. The kitchen is remodeled with custom cabinetry and granite counter tops. All appliances are brand new. Adjacent to the kitchen is the spacious dining area and family room with breakfast bar seating. Enjoy the spacious master bedroom with double door entry and ensuite upgraded bathroom. The two secondary bedrooms and bathroom have also been nicely upgraded. Other upgrades include custom vinyl dual pane windows, full solar panels fully paid for, newer forced air heating and air conditioning, added attic insulation and much more. The rear yard area is spacious with room for a pool, spa and entertainment area. Hurry on this one as it is priced to sell!

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

PRICE & RENT TRENDS

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $243k787k

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

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21600180020002200240026002800300032003400Rent in $15953492

* 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
 

$692,100$845,900$769,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$2,837
Property Tax -$652
Property Insurance -$61
HOA -$22
Property Management Fees -$155
CASH FLOW
-$567

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$769,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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$20k$25k

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$209,535

INVESTMENT

$209,535

Down Payment
$192,250
Rehab Estimate
$5,750
Closing Costs
$11,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,837

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,250
Loan Amount $576,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$17,076

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $2.24

    LIST RENT PER SQFT
  • $2,820

    COMP ESTIMATED VALUE
  • $2

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$3,0003$3,1604$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 26591 Oliva Drive Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $2.24
    •  
  • 29522 Westmont Court San Juan Capistrano, CA 1
    • 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,325 Sqft ∙ Built 1972
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $2.00
    •  
  • 29642 Orinda Road San Juan Capistrano, CA 2
    • 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 1972
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.91
    •  
  • 29321 Sandalwood Court San Juan Capistrano, CA 4
    • 3 beds 3 baths ∙ 1,611 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,611 Sqft ∙ Built 1974
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.99
    •  
  • 2 Hidden Crest Way Laguna Niguel, CA 5
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1985
    property image
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.10
    •  
PROPERTY LISTING DETAILS
Edwin Wright
Help-u-sell Wright
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20264822
Last Updated: 12/31/2020
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