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26792 Avenida Domingo Mission Viejo, CA 92691

3 Beds 2 Baths 1,612 sqft Built 1970

$849,999

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $527.29
  • 3 Days on Market
  • MLS # : OC21020915
  • Updated Date : 02/05/2021 at 21:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

THE BEST SINGLE STORY ON THE MARKET. That's right! This astonishing 3 bedroom has been completely remodeled with the most up to date and tasteful finishes. SOLAR, New A/C & Heater, Ducts, Water Heater, Water Softener, the list goes on. Soft-wide plank wood-like flooring weeps you into the beautiful open floor plan. Stunningly appointed kitchen features large island with gorgeous Aquarela Quartzite countertops, upgraded appliances and everything that makes cooking a joy. Keep the conversation flowing in your dining room or make it a family moment in the spacious great room. The gorgeous fireplace place highlights the great room finished with Nambia Fantasy Marble. If the mood strikes, your choice of outdoor spaces means you have privacy or togetherness as you choose. A relaxing spa awaits you or you may choose to gather around the fire-pit, or even play with your pets in the lush grassy area. At the end of the day your expansive master bedroom with retreat awaits to allow the cares of the day to melt away. Carrera Marble details the striking master bathroom with oversized shower, jetted tub, and dual sinks. The secondary bedrooms and upgraded bath takes care of family or guests at any time. Great neighborhood with award winning schools, low tax rate, easily accessible to hospitals and shopping. Optional Lake Mission Viejo Membership privileges include sandy beach, boating, fishing, summer concerts, movie nights, and so much more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$764,999$934,999$849,999

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$2,952
Property Tax -$732
Property Insurance -$66
HOA -$21
Property Management Fees -$160
CASH FLOW
-$662

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.

$849,999

PROJECTED PRICE

$3,270

PROJECTED RENT

0.38%

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$231,000

INVESTMENT

$231,000

Down Payment
$212,500
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,500
Loan Amount $637,499
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$10,075

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $2.03

    LIST RENT PER SQFT
  • $3,305

    COMP ESTIMATED VALUE
  • $2.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9953$3,2704$3,3005$3,600
$3,600
RENT COMPS ANALYSIS
  • 26792 Avenida Domingo Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $2.03
    •  
  • 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
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $2.04
    •  
  • 26621 Via Cuervo Mission Viejo, CA 2
    • 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,463 Sqft ∙ Built 1973
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.05
    •  
  • 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
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.11
    •  
  • 26772 Via Alcala Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1971
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.00
    •  
PROPERTY LISTING DETAILS
Cesi Pagano
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21020915
Last Updated: 02/05/2021
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