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27411 Osuna Mission Viejo, CA 92691

3 Beds 2 Baths 1,120 sqft Built 1976

$699,900

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $624.91
  • 3 Days on Market
  • MLS # : OC21013395
  • Updated Date : 01/22/2021 at 18:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 2 full
Listing Agent

Regency Real Estate Brokers

Listing Agent's Description

Welcome to 27411 Osuna, a rare 1 story home located on a spacious lot in the heart of Mission Viejo! As soon as you see it, you will notice the great curb appeal and large private enclosed front yard. The large living space will greet you as you enter. Tall vaulted ceilings, fireplace, wood look laminate flooring and fresh neutral paint make this a very inviting first impression! The eat in kitchen is clean and neutral with large window and slider that leads to the backyard. Also, tucked away in the kitchen space is a laundry closet. The two secondary bedrooms are of good size and share the hallway bathroom. The master bedroom is light and bright with vaulted ceilings and private bathroom. The spacious backyard offers plenty of grass as well as planters along the back for those with a green thumb! There is a spacious detached 2 car garage. This home is situated on a quiet street close to shopping, restaurants and freeways and hiking/walking trails. No HOA dues! No Mello-Roos! The home has been virtually staged.

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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

Zip Code: 92691

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 92691

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
Del Lago Elementary School Primary Regular 659 23 5
Los Alisos Intermediate School Middle Magnet 948 39 6
Trabuco Hills High School High Regular 2,960 112 9

Del Lago Elementary School

  • Education Level: Primary
  • # of students: 659
  • # of teachers: 23
5
GreatSchools Rating

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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,431
Property Tax -$603
Property Insurance -$54
Property Management Fees -$120
CASH FLOW
-$768

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.

$699,900

PROJECTED PRICE

$2,440

PROJECTED RENT

0.35%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $2.18

    LIST RENT PER SQFT
  • $2,439

    COMP ESTIMATED VALUE
  • $2.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,9503$2,9504$2,9505$3,100
$3,100
RENT COMPS ANALYSIS
  • 27411 Osuna Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $2.18
    •  
  • 21727 Chatham Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.24
    •  
  • 21812 Contento Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1976
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.22
    •  
  • 21934 Mirador Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.14
    •  
  • 20916 N Hampton Way Lake Forest, CA 5
    • 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1981
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
PROPERTY LISTING DETAILS
Karen Quinn
Regency Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21013395
Last Updated: 01/22/2021
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