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27341 Osuna Mission Viejo, CA 92691

3 Beds 1 Baths 1,472 sqft Built 1976

$774,900

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $526.43
  • 4 Days on Market
  • MLS # : OC21055631
  • Updated Date : 03/27/2021 at 15:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 1 full
Listing Agent

Coastal Hills Properties, Inc.

Listing Agent's Description

SINGLE LEVEL home situated on a lot that doesn’t back to a road or the school. Enjoy a private/serene back yard. When you walk in the front door you immediately notice vaulted ceilings all the way through the living room, kitchen & dining room. The rich laminate flooring & newer windows/doors/blinds give a fresh look. HUGE remodeled kitchen: plenty of newer cabinets, granite counters, travertine backsplash, recessed lighting, large pantry & all stainless appliances included. The dining room is large and can fit a table for 8+ easily. Large master bedroom has a vaulted ceiling, retreat, walk-in closet with organizers, French door to the patio and an updated ensuite bathroom. Generous secondary bedrooms each with a ceiling fan. Remodeled guest bathroom. You will love this location in North Mission Viejo. Walking distance to Del Lago Elementary & Trabuco Hills High School. You have a large shopping area in walking distance and then Foothill Ranch Town Center just a short distance in one direction and Rancho Santa Margarita Town Center just a short distance in the other. So many choices for restaurants and shopping. Enjoy summers on Lake Mission Viejo: summer concerts, 4th of July Fireworks, movie nights, fishing, swimming/beach area, BBQ/picnic area, boating/kayaking and more. Many hiking/biking trails nearby too. NO HOA other than Lake Mission Viejo and NO MELLO ROOS! Water heater replaced 2020, furnace replaced 2019, Air condenser replaced 2009.

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
Los Alisos Intermediate School Middle Magnet 948 39 6
Trabuco Hills High School High Regular 2,960 112 9
Los Alisos Intermediate School Middle Unknown NA

Los Alisos Intermediate School

  • Education Level: Middle
  • # of students: 948
  • # of teachers: 39
6
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating

Los Alisos Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$697,410$852,390$774,900

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,692
Property Tax -$668
Property Insurance -$63
HOA -$21
Property Management Fees -$149
CASH FLOW
-$542

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.

$774,900

PROJECTED PRICE

$3,050

PROJECTED RENT

0.39%

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

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$211,099

INVESTMENT

$211,099

Down Payment
$193,725
Rehab Estimate
$5,750
Closing Costs
$11,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,725
Loan Amount $581,175
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$12,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $2.07

    LIST RENT PER SQFT
  • $3,132

    COMP ESTIMATED VALUE
  • $2.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,0503$3,1004$3,2005$3,295
$3,295
RENT COMPS ANALYSIS
  • 27341 Osuna Mission Viejo, CA 2
    • 3 beds 1 baths ∙ 1,472 Sqft ∙ Built 1976 3 beds 1 baths ∙ 1,472 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.07
    •  
  • 21934 Mirador Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.14
    •  
  • 20916 N Hampton Way Lake Forest, CA 3
    • 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1981
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
  • 27461 La Cabra Mission Viejo, CA 4
    • 4 beds 1 baths ∙ 1,500 Sqft ∙ Built 1976 4 beds 1 baths ∙ 1,500 Sqft ∙ Built 1976
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.13
    •  
  • 21442 Brandy Wine Lane Lake Forest, CA 5
    • 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 1978
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $2.13
    •  
PROPERTY LISTING DETAILS
Kelli Walters
Coastal Hills Properties, Inc.
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21055631
Last Updated: 03/27/2021
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