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26862 Via Victoria Mission Viejo, CA 92691

3 Beds 2 Baths 1,560 sqft Built 1971

$899,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $576.28
  • 5 Days on Market
  • MLS # : OC21040725
  • Updated Date : 03/10/2021 at 12:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Dazzling and pristine, this highly desirable single level home has been exquisitely remodeled and updated with elegant improvements throughout. The delightful curb appeal, stacked stone exterior details, and welcoming front patio create a splendid first impression. Once inside through the double door entryway, the light filled open concept floor plan will take your breath away. Vaulted ceilings, crown molding, recessed lighting, skylights, gorgeous wood laminate floors, and dramatic fireplace set the stage for the perfect living space. The perfectly remodeled kitchen is a dream come true with granite countertops, handsome cabinetry, full glass tile backsplash, stainless steel appliances, pendant lighting, center island with prized breakfast bar, and sunny nook with built-in banquette. French doors with swing & tilt sidelights provide direct access to the back patio creating an ideal indoor-outdoor living environment, perfect for relaxing and entertaining with friends and family. The master suite is a peaceful retreat with sliders opening to the back patio, mirrored wardrobe doors, and a beautifully remodeled master bath with new vanity and fixtures, glass tile features, step-in shower with frameless glass enclosure, and custom tiled surround. The expansive backyard is a lush oasis with large lawn, ample covered patio area, and manicured landscaping. 2 car garage with workspace & built-in cabinetry. Walking distance to parks, dining, shopping, MV YMCA, and local schools.

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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$3,123
Property Tax -$775
Property Insurance -$65
HOA -$21
Property Management Fees -$158
CASH FLOW
-$921

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.

$899,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.36%

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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $2.06

    LIST RENT PER SQFT
  • $3,237

    COMP ESTIMATED VALUE
  • $2.08

    COMP AVG. RENT PER SQFT
Comps Range
$3,060
1$3,0602$3,2203$3,2954$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 26862 Via Victoria Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $2.06
    •  
  • 26401 Alhondra Place Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1971
    property image
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $2.11
    •  
  • 24731 Embajadores Lane Mission Viejo, CA 3
    • 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1968
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.95
    •  
  • 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
Jordan Bennett
Keller Williams Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21040725
Last Updated: 03/10/2021
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