Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

27262 Ventosa Mission Viejo, CA 92691

4 Beds 2 Baths 1,916 sqft Built 1976

$899,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $469.21
  • 2 Days on Market
  • MLS # : OC20256242
  • Updated Date : 12/12/2020 at 18:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,916 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Location Location Location! Amazing sprawling and sunny one-story four-bedroom home with views of city lights and mountains on a tranquil greenbelt location and nearby Lake Mission Viejo in the desirable Madrid Del Lago neighborhood. Welcome Home! Enter your double door entry into your vaulted ceiling living and dining room that opens to the back yard with expansive views! Enjoy a one-story lifestyle with an indoor/outdoor yard, updated kitchen, granite countertops, Viking stainless steel appliances. Great floor plan, Location, and Curb Appeal! If your handy, one of the bedrooms started an update and needs carpet/drywall, etc. to finish to make it your own, the home is sold as-is. Oppotunity Knocks! A Must See!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
 

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

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,317
Property Tax -$761
Property Insurance -$73
HOA -$67
Property Management Fees -$181
CASH FLOW
-$700

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

$3,700

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

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

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$15,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,700

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,650

    COMP ESTIMATED VALUE
  • $1.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,4003$3,6004$3,6005$3,700
$3,700
RENT COMPS ANALYSIS
  • 27262 Ventosa Mission Viejo, CA 5
    • 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.93
    •  
  • 22476 Petra Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1982
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.85
    •  
  • 23622 Lagarto Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1975
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.83
    •  
  • 22602 Ledana Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1977
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $2.01
    •  
  • 23446 Bolivar Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1975
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.93
    •  
PROPERTY LISTING DETAILS
Kathryn Fleming
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20256242
Last Updated: 12/12/2020
BESbswy