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27041 Pinjara Circle Mission Viejo, CA 92691

3 Beds 3 Baths 2,280 sqft Built 1971

$1,199,000

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $525.88
  • 7 Days on Market
  • MLS # : OC21145430
  • Updated Date : 07/07/2021 at 16:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,280 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

ULTIMATE privacy within charming community! This 3-bedroom, 2.5 bath home sits on a huge 20,000+ sq ft lot at the end of a quiet cul-de-sac, surrounded by lush landscape. Over $200K in recent renovations touch nearly every portion of this 2,280 sq ft home. NEW wood floors span throughout and a stunning staircase adorned with African Mahogany wood steps welcomes guests as they step in the front door. Highly upgraded kitchen boasts Viking appliances, custom shaker, soft-close cabinets and drawers, farmhouse sink and quartz countertops. Gorgeous reclaimed wood has been added above the family room fireplace and new barn doors provide efficient access to areas throughout the home. The master bedroom/bath has been completely reimagined and now includes a spacious walk-in closet with built-ins as well as a stunning marble shower, quartz countertops, upgraded fixtures and separate soaking tub in the bathroom. Additional bathrooms also include new fixtures, flooring and quartz countertops. Laundry room downstairs has been expanded and offers massive storage, sink and new porcelain tile flooring. Additional perks with this home include NEW water heater/furnace, NEW garage doors, NEW track lighting and owned (paid) solar. The spacious backyard is the perfect setting to entertain with multiple seating areas, spa, built in Viking barbeque and new outdoor lighting. A large covered carport may be used for boat or RV parking or for a fun, family game area. A dedicated gated grass area is perfect for dogs. Numerous palm trees and rich landscape are prevalent in this beautiful, private backyard. Low $20 monthly HOA includes access to Lake Mission Viejo and parks, schools and amenities are located nearby. This home truly has it all and will leave you wondering where to spend your time – in the beautifully renovated indoors or the dreamy backyard with stunning palm trees and privacy? What will YOU decide?

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
 

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$4,165
Property Tax -$1,030
Property Insurance -$82
HOA -$20
Property Management Fees -$188
CASH FLOW
-$1,644

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.

$1,199,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.32%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,165

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,840

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $3,865

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8003$3,8404$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 27041 Pinjara Circle Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,840
    • $1.68
    •  
  • 28001 Festivo Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1980
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.72
    •  
  • 24981 Via Marfil Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1973
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.53
    •  
  • 27955 Nevado Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1979
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.74
    •  
  • 23971 La Chiquita Drive Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1972
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.79
    •  
PROPERTY LISTING DETAILS
Michael Guevara
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21145430
Last Updated: 07/07/2021
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