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26675 Avenida Shonto Mission Viejo, CA 92691

4 Beds 2 Baths 1,463 sqft Built 1972

$838,800

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $573.34
  • 2 Days on Market
  • MLS # : OC21149330
  • Updated Date : 07/12/2021 at 15:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,463 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Absolutely charming two-story, four-bedroom updated Barcelona home. This home has a main floor bedroom and bath. As you enter the home you get a sense of an open feel, the spacious living room with bay window, wood-burning fireplace, cathedral ceiling continues with formal dining space that give it an open floorplan appeal. Both the bathrooms have been updated along with the kitchen. The newly painted white cabinets, new quartz counter gives you that modern feel. The kitchen includes stainless steel appliances and there is an informal dining area or breakfast room. On the main level, you have a neutral ceramic tile flooring throughout and transitions to a dark wood-like flooring at the foot of the stairs and continues up throughout the entire second floor. The two nice size secondary bedrooms are to your immediate left at the top of stairs at one end of the hallway and the primary suite on the other. The primary suite features a sizeable deck/balcony with views of the hills and trees and a very generous walk-in closet. The large backyard and patio space have so much potential. There is also direct access from the house to the nice oversized two-car garage and laundry space. The home has been newly repainted inside and out, there are new lighting fixtures both inside and out, new and updated interior door hardware, an automatic digital sprinkler system that can be monitored and control right from your phone. The HVAC system and ducting have all been replaced. You can become members of Mission Viejo Lake and enjoy all of the year-round amenities it has to offer. You're just minutes away in any direction to shopping, restaurants, and entertainment. Just a few doors down the street there is a pathway to the Trabuco and Aliso intersection where you can walk to the nearby shopping center.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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]

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
 

$754,920$922,680$838,800

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,913
Property Tax -$723
Property Insurance -$62
Property Management Fees -$154
CASH FLOW
-$713

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.

$838,800

PROJECTED PRICE

$3,140

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

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

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$228,032

INVESTMENT

$228,032

Down Payment
$209,700
Rehab Estimate
$5,750
Closing Costs
$12,582

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,913

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $209,700
Loan Amount $629,100
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $2.15

    LIST RENT PER SQFT
  • $3,098

    COMP ESTIMATED VALUE
  • $2.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0603$3,1404$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 26675 Avenida Shonto Mission Viejo, CA 3
    • 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $2.15
    •  
  • 23361 Via Linda Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 1,323 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,323 Sqft ∙ Built 1985
    property image
    LEASED 05/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $2.12
    •  
  • 26401 Alhondra Place Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1971
    property image
    LEASED 03/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $2.11
    •  
  • 23831 San Esteban Drive Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1971
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.11
    •  
  • 27462 Via Olmo Mission Viejo, CA 5
    • 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1975
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.13
    •  
PROPERTY LISTING DETAILS
Joe Piscopo
Redfin
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21149330
Last Updated: 07/12/2021
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