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27301 Trigo Circle Mission Viejo, CA 92691

3 Beds 2 Baths 1,670 sqft Built 1969

$895,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $535.93
  • 6 Days on Market
  • MLS # : OC21006079
  • Updated Date : 01/13/2021 at 11:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservice

Listing Agent's Description

Surrounded by beautiful landscaping, including several fruit trees, come experience peace. Enrich this Single Level (3 bedroom, 2 bathroom) La Paz home with your personal style. A highly coveted Mission Viejo neighborhood. Beautiful wood flooring in the main living area is a great base for building a warm aesthetic. Gather around the rustic fireplace to create cozy memories. Relax in the pool or on the patio off the master bedroom for some extra downtime. Dual pane windows, plantation shutters and solar panels keep this house filled with the sunlight. Enjoy a spacious backyard and astroturf lawn for easy maintenance and a nice big patio - awesome for outdoor meals. Redesign your home life in 2021. This is a fantastic opportunity nestled in the heart of South Orange County, close to shopping, restaurants, parks and great schools.

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
De Portola Elementary School Primary Magnet 571 19 10
De Portola Elementary School Middle Magnet 571 19 10
Mission Viejo High School High Magnet 2,438 92 8

De Portola Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 19
10
GreatSchools Rating

De Portola Elementary School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 19
10
GreatSchools Rating

Mission Viejo High School

  • Education Level: High
  • # of students: 2,438
  • # of teachers: 92
8
GreatSchools Rating
 

$805,500$984,500$895,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$3,109
Property Tax -$769
Property Insurance -$67
HOA -$22
Property Management Fees -$156
CASH FLOW
-$933

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.

$895,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.36%

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

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$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,109

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $1.91

    LIST RENT PER SQFT
  • $3,186

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9503$3,1904$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 27301 Trigo Circle Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $1.91
    •  
  • 27715 Via Granados Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.94
    •  
  • 27724 Calle Valdes Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1976
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.96
    •  
  • 27311 Via Rioja Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1974
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.82
    •  
  • 27381 Via Amistoso Mission Viejo, CA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Bob Strausheim
Berkshire Hathaway Homeservice
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21006079
Last Updated: 01/13/2021
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