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26752 Las Tunas Dr Drive Mission Viejo, CA 92692

3 Beds 1 Baths 1,290 sqft Built 1970

$879,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $681.40
  • 2 Days on Market
  • MLS # : OC21152191
  • Updated Date : 07/12/2021 at 19:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,290 sqft
  • Baths : 1 full
Listing Agent

Realty One Group West

Listing Agent's Description

Beautifully remodeled single-story home on a large lot with a very private back yard. Popular Cabrillo model in the Coronado homes. Wonderful curb appeal. It's gorgeous inside. Bright & open floorplan, sunny kitchen with quartz counters, gas cooktop. Upgraded bathrooms. Beautiful wide plank wood-like engineered vinyl flooring throughout, with elegant custom baseboards. 3 bedrooms and 2 baths in approximately 1290 sqft. You'll love the spacious back yard. Beautiful neighborhood, short stroll to fabulous Coronado neighborhood park. Outstanding award-winning Capistrano Unified schools. Very conveniently located near golf and dining at the Arroyo Trabuco Golf Course, Saddleback College, Capistrano Valley High School, freeways and the toll road. Easy access to shopping and dining at the Shops At Mission Viejo.

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: 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
 

$791,100$966,900$879,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$3,053
Property Tax -$745
Property Insurance -$58
Property Management Fees -$143
CASH FLOW
-$1,080

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.

$879,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.33%

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

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$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,053

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,001

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $2.26

    LIST RENT PER SQFT
  • $2,554

    COMP ESTIMATED VALUE
  • $1.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9203$3,0004$3,0005$3,250
$3,250
RENT COMPS ANALYSIS
  • 26752 Las Tunas Dr Drive Mission Viejo, CA 2
    • 3 beds 1 baths ∙ 1,290 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,290 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $2.26
    •  
  • 27862 Aberdeen Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1986
    property image
    LEASED 04/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.94
    •  
  • 29642 Orinda Road San Juan Capistrano, CA 3
    • 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
    •  
  • 27291 Nubles Mission Viejo, CA 4
    • 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.04
    •  
  • 25265 Via Acapulco Laguna Niguel, CA 5
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1990
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $2.03
    •  
PROPERTY LISTING DETAILS
Marty Samuel
Realty One Group West
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21152191
Last Updated: 07/12/2021
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