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27372 Valderas Mission Viejo, CA 92691

4 Beds 2 Baths 2,195 sqft Built 1977

$975,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $444.19
  • 2 Days on Market
  • MLS # : OC21005040
  • Updated Date : 01/09/2021 at 16:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,195 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Immaculate Mission Veijo home in the sought-after Madrid Del Lago community. Built in 1976, this 2,195 sq ft home has been transformed through contemporary design with timeless and elegant Spanish details. 6,200 sq ft corner lot surrounded by the tranquility of lush/mature landscaping. Entering through double doors, step up from the foyer to the living room with a wood-burning fireplace and a wall of windows washing the room in natural light. 4 beds / 3 baths, new carpet, walk-in closets, and lots of storage space. 1 bed is downstairs w/ full bath. Upstairs are the large master suite and 2 addtl beds w/ 1 full bathroom. Freshly painted inside and out, you’ll appreciate the details throughout; Spanish wrought iron chandeliers, dark laminate wood flooring, and vaulted ceilings plus NEW structural upgrades; recessed lighting, plumbing fully repiped, garage door, water heater, & Pella windows. The space has perfect flow. The formal dining room next to a gourmet kitchen with an island accented with honed granite countertops, stainless steel appliances, and porcelain tile backsplash.  Eat-in kitchen and family room have expansive views of the yard with its multi-level covered patio surrounded by mature trees with areas for dining, lounging, and BBQ. You’ll enjoy low HOAs w/ Lake Mission Viejo membership with boating, fishing, and swimming within walking distance! Also nearby: Vista Del Lago Park, walking trails, restaurants, shopping, athletic fields, and Casta Del Sol Golf Course.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$3,387
Property Tax -$826
Property Insurance -$80
HOA -$67
Property Management Fees -$179
CASH FLOW
-$878

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.

$975,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.38%

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

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$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,660

    LIST RENT
  • $1.67

    LIST RENT PER SQFT
  • $3,638

    COMP ESTIMATED VALUE
  • $1.66

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3503$3,6604$3,8005$3,900
$3,900
RENT COMPS ANALYSIS
  • 27372 Valderas Mission Viejo, CA 3
    • 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $3,660
    • $1.67
    •  
  • 22472 Melida Mission Viejo, CA 1
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1977
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.50
    •  
  • 23552 Bermuda Dunes Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 1989
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.52
    •  
  • 22615 Albares Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1977
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.78
    •  
  • 22852 Caseda Mission Viejo, CA 5
    • 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1976
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.83
    •  
PROPERTY LISTING DETAILS
Michael Douglas
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21005040
Last Updated: 01/09/2021
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