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27272 Calle Del Cid Mission Viejo, CA 92691

4 Beds 3 Baths 2,160 sqft Built 1972

$830,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $384.26
  • 20 Days on Market
  • MLS # : OC20241891
  • Updated Date : 12/04/2020 at 18:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Team Real Estate

Listing Agent's Description

HANDYMAN SPECIAL! Great bones. Panoramic views with pool and spa plus grassy yard area. 4 bedroom 2.5 bathrooms with living room including fireplace, formal dining room, large kitchen leading into family room with cozy fireplace. Most windows have been updated. HUGE RV ACCESS! Can handle all your toys. Great house to entertain in. Wonderful location just needs work but has great potential. Close to parks, trails and shopping. Member of Lake Mission Viejo.

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)
  • 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)
  • 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)

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
Viejo Elementary School Primary Regular 397 15 4
Newhart Middle School Middle Regular 1,276 51 7
Capistrano Valley High School High Regular 2,384 86 9

Viejo Elementary School

  • Education Level: Primary
  • # of students: 397
  • # of teachers: 15
4
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
 

$747,000$913,000$830,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,062
Property Tax -$727
Property Insurance -$79
HOA -$21
Property Management Fees -$175
CASH FLOW
-$485

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.

$830,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,700

INVESTMENT

$225,700

Down Payment
$207,500
Rehab Estimate
$5,750
Closing Costs
$12,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,500
Loan Amount $622,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$24,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.66

    LIST RENT PER SQFT
  • $3,564

    COMP ESTIMATED VALUE
  • $1.65

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3503$3,5804$3,7005$3,900
$3,900
RENT COMPS ANALYSIS
  • 27272 Calle Del Cid Mission Viejo, CA 3
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.66
    •  
  • 26726 Baronet Mission Viejo, CA 1
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1982
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.62
    •  
  • 26786 Baronet Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1988
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.64
    •  
  • 26695 Baronet Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1989
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.64
    •  
  • 26532 El Mar Drive Mission Viejo, CA 5
    • 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 1969
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.70
    •  
PROPERTY LISTING DETAILS
Alicia Petrick
First Team Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20241891
Last Updated: 12/04/2020
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