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27182 Via Burgos Mission Viejo, CA 92691

4 Beds 3 Baths 1,977 sqft Built 1973

$919,999

List Price

$3,770

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $465.35
  • 7 Days on Market
  • MLS # : IV21006436
  • Updated Date : 01/11/2021 at 19:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,977 sqft
  • Baths : 3 full
Listing Agent

Briones Realty

Listing Agent's Description

SPECTACULAR MISSION VIEJO PROPERTY!!!! NO HOA, NO MELLOROOS!! DESIRABLE HOME LOCATED MISSION VIEJO WITH LAKE ACCESS FOR APPROX $230 A YEAR. THIS BEAUTIFUL STYLISH 2 STORY, 4 BEDROOM, 3 BATH REMODELED HOME HAS A GRAND ENTRANCE FEATURING AN OPEN FLOOR PLAN, UPGRADED KITCHEN W/GRANITE COUNTER TOPS, CUSTOM CABINETS, STAINLESS STEEL APPLIANCES, FAUCET AND SINK, WALK IN PANTRY AND BEAUTIFUL TUMBLED TRAVERTINE FLOORS, MASTER BEDROOM ON SUITE BATH UPSTAIRS, ALONG W/TWO OTHER BEDROOMS LOCATED UPSTAIRS, DOWNSTAIRS YOU'LL FIND THE 4TH BEDROOM THAT CAN BE USED AS AN OFFICE OR GYM. THIS HOMR OFFERS A BEAUTIFUL TROPICAL BACKYARD OASIS, W/MATURE PALM TREES AND RECENTLY UPGRADED PEBBLE TEC POOL W/ROCKS-CAPE ALL NEW, BOTH POOL & SPA CAN BE ACCESSED VIA WIRELESS REMOTE & PHONE ACCESS. BEAUTIFUL PERGOLA WITH AMAZING STAMPED CONCRETE FLOORS, FEATURING OUTDOOR BARBACUE AREA W/GRILL & KEGERATOR AND FIRE PIT FOR AWESOME OUTSIDE LIVING. THIS HOME ALSO FEATURES VERY SOUGHT AFTER AND RARE RV PARKING, GREAT FOR RV, JET SKIES, SEE-DOOS, QUADS AND OTHER ATV'S, PARKING FOR ALL YOUR TOYS. THIS HOME HAS ALL THE ITEMS ON YOUR CHECK LIST, AND IS AN EXCELLENT HOME TO LIVE IN ESPECIALLY WHILE QUARANTINE IS IN EFFECT. OWN YOUR VERY OWN PIECE OF PARADISE IN YOUR BACKYARD. LIVING SPACE 1977 SQ FT. ENJOY LAKE BOATING, FISHING, AND SWIMMING! ALSO NEARBY: VISTA DEL LAGO PARK, AURORA PARK, WALKING TRAILS, RESTAURANTS, SHOPPING, ATHLETIC FIELDS, AND CASTA DEL SOL GOLF COAST IN WALKING DISTANCE TO MISSION VIEJO LAKE.

SEE MORE

MARKET HIGHLIGHTS

  • 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]
  • 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)

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
Castille Elementary School Primary Regular 618 21 7
Newhart Middle School Middle Regular 1,276 51 7
Capistrano Valley High School High Regular 2,384 86 9

Castille Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 21
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
 

$827,999$1,011,999$919,999

PURCHASE PRICE

$3,393$4,147$3,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,770
EXPENSES Loan Payment -$3,196
Property Tax -$779
Property Insurance -$75
Property Management Fees -$185
CASH FLOW
-$464

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.

$919,999

PROJECTED PRICE

$3,770

PROJECTED RENT

0.41%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$249,550

INVESTMENT

$249,550

Down Payment
$230,000
Rehab Estimate
$5,750
Closing Costs
$13,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,196

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $230,000
Loan Amount $689,999
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$24,876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,770

    LIST RENT
  • $1.91

    LIST RENT PER SQFT
  • $3,687

    COMP ESTIMATED VALUE
  • $1.87

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,4003$3,5004$3,6005$3,770
$3,770
RENT COMPS ANALYSIS
  • 27182 Via Burgos Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $3,770
    • $1.91
    •  
  • 23826 Lagarto Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1975
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.79
    •  
  • 23622 Lagarto Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1975
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.83
    •  
  • 27381 Via Amistoso Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1974
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.91
    •  
  • 23446 Bolivar Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1975
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.93
    •  
PROPERTY LISTING DETAILS
Vinnie Mohabir
Briones Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: IV21006436
Last Updated: 01/11/2021
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