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26602 Guadiana Mission Viejo, CA 92691

3 Beds 3 Baths 1,943 sqft Built 1977

$695,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $357.69
  • 3 Days on Market
  • MLS # : OC20259760
  • Updated Date : 12/18/2020 at 10:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,943 sqft
  • Baths : 2 full , 1 half
Listing Agent

Active Realty

Listing Agent's Description

Fully Remodeled corner location with only 1 shared wall, situated in the highly sought after community of La Mancha. This former model home is rare to this community as it has a 2 car front driveway and adjacent guest parking and boasts three bedrooms, 2 full and 1 half bathrooms. The open floor plan provides plenty of room for entertaining. Soaring ceilings allow an abundance of natural light to flow throughout the home. Upgraded kitchen includes granite, recessed lighting, and stainless steel appliances. Built in bar with wine fridge. Private front facing patio and huge deck off the kitchen to your private greenbelt garden with plush surrounding trees. All of the bathrooms have been upgraded and the laundry has been moved upstairs. Newly upgrades floors all throughout, stone fireplace, recessed smart fans in living room and master bedroom with news doors installed in all rooms. Enjoy the serenity and peaceful views on your deck and patio of the beautiful greenbelt. This locations has a bonus storage room under the structure that isn't defined in the square footage with plenty of shelves spaces with area to put bikes. Close to shops, parks, restaurants and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,564
Property Tax -$589
Property Insurance -$74
HOA -$328
Property Management Fees -$156
CASH FLOW
-$531

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.

$695,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$10,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.64

    LIST RENT PER SQFT
  • $3,269

    COMP ESTIMATED VALUE
  • $1.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,0003$3,1804$3,5505$3,700
$3,700
RENT COMPS ANALYSIS
  • 26602 Guadiana Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.64
    •  
  • 26582 Lucinda Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1976
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.62
    •  
  • 26586 Mambrino Mission Viejo, CA 2
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1976
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.61
    •  
  • 26631 Strafford Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1990
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.74
    •  
  • 26712 Baronet Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1988
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.76
    •  
PROPERTY LISTING DETAILS
Sean Sadri
Active Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20259760
Last Updated: 12/18/2020
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