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PROPERTY INFO
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!
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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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Viejo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$189,925
LOAN DETAILS
$2,564
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $173,750 |
| Loan Amount | $521,250 |
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
-
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
Active Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: OC20259760
Last Updated: 12/18/2020
