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27090 Pacific Terrace Drive Mission Viejo, CA 92692

4 Beds 3 Baths 2,963 sqft Built 1990

INVESTimate

$1,199,900

List Price

$4,350

$4,100 - $4,600

Rent Est.

$1,246,936  ( +3.92%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $404.96
  • 13 Days on Market
  • MLS # : OC20162501
  • Updated Date : 08/21/2020 at 12:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,963 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

ENTERTAINERS DREAM! Huge corner lot with a backyard to die for - Pool, Spa, Outdoor BBQ, Fireplace, Waterfall and more. Cool breezes and stunning sunsets give you an elevated living experience, while sumptuous details express your sense of style. A grand entry area with marble flooring and two story ceilings welcome you in, drawing you through to the spacious living areas. Make your loved ones a fabulous meal in your stunning, upgraded kitchen. Quartz counters with waterfall detail, long center island with breakfast bar, double ovens, 5 burner gas range and cozy breakfast nook all make cooking a joy. Take the party into the formal dining room with chandelier and fireplace, or move it outside and mingle with your friends and family in the great outdoors. A cozy firepit is the perfect place for intimate gatherings or let the guests stretch out in this generous space. At the end of the day, your Master Bedroom awaits in it's own lofted area, with view balcony, beautiful spa-like master bath and plenty of privacy. Three more bedrooms and 2 bathrooms mean the family are all safely tucked up in their own lovely spaces. It's good to be Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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 area contributes to 55.3% of California state economy i.e. Gross State Product (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)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • As part of Southern California area, Orange County market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Pacific Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1121k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Pacific Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $18714172

* 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
Bathgate Elementary School Primary Regular 708 23 7
Newhart Middle School Middle Regular 1,276 51 7
Capistrano Valley High School High Regular 2,384 86 9

Bathgate Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 23
7
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
 

$1,079,910$1,319,890$1,199,900

PURCHASE PRICE

$3,915$4,785$4,350

RENT

DOWN PAYMENT
FINANCING

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-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,350
EXPENSES Loan Payment -$4,427
Property Tax -$1,007
Property Insurance -$99
HOA -$130
Property Management Fees -$213
CASH FLOW
-$1,526

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.

$1,199,900

PROJECTED PRICE

$4,350

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.92%
Maintenance Year (1-5) 8.00%
Vacancy 5.81%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,724

INVESTMENT

$323,724

Down Payment
$299,975
Rehab Estimate
$5,750
Closing Costs
$17,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $299,975
Loan Amount $899,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,592

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,350

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $4,007

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,9503$4,0004$4,2005$4,350
$4,350
RENT COMPS ANALYSIS
  • 27090 Pacific Terrace Drive Mission Viejo, 5
    • 4 beds 3 baths ∙ 2,963 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,963 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.47
    •  
  • 27115 Pacific Terrace Drive Mission Viejo, 1
    • 4 beds 3 baths ∙ 2,963 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,963 Sqft ∙ Built 1992
    property image
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.28
    •  
  • 27371 Viana Mission Viejo, 2
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 1983
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.42
    •  
  • 27175 Comba Mission Viejo, 3
    • 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 1982
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.29
    •  
  • 27095 Pacific Terrace Drive Mission Viejo, 4
    • 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 1990
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.42
    •  
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 #: OC20162501
Last Updated: 08/21/2020
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