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27471 Tiara Drive Mission Viejo, CA 92692

4 Beds 3 Baths 2,432 sqft Built 1997

$975,000

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $400.90
  • 2 Days on Market
  • MLS # : OC20230786
  • Updated Date : 11/02/2020 at 21:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 2 full , 1 half
Listing Agent

Regency Real Estate Brokers

Listing Agent's Description

Beautiful Pacific Hills Home This highly upgraded immaculate 4 bedroom, 2.5 bath home has vaulted ceilings, beautiful flooring, fresh paint, open entry and a large spacious living room with fireplace. Just off the living room is a Formal dining room (currently as an office in photos), leading to a gourmet kitchen that opens to the Family room. The chef’s kitchen features top of the line appliances including a Sub Zero Built in Refrigerator, Wolf Convection Steam Oven, Warming Drawer, 5 Burner Gas Cooktop and Microwave Drawer. The beautiful Soapstone Counter Tops have a hand chiseled edge and a custom built extra deep farmhouse sink with a stunning Waterstone Kitchen Faucet. A custom built island with a gorgeous 7 ft granite slab is a work of art and gives plenty of room for prep and seating. Downstairs has an upgraded powder room and a laundry area with sink. Upstairs boasts 4 bedrooms including a beautiful master suite with vaulted ceilings, luxury master bath, large balcony and canyon views. Beautiful large sliding barn door on the 4th bedroom/bonus room leaves flexibility to change this room as needed. Spacious 10 foot ceilings in most rooms, recently painted, fresh neutral colors and updated lighting and fixtures throughout. Low maintenance backyard comes with a beautiful elevated "fire glass" fire pit, a perfect spot for elegant evening entertaining. Located on a desirable cul de sac street, close to award winning schools, shopping, Lake Mission Viejo and parks.

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: Pacific Hills

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000k1100kPrice in $272k1121k

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

Neighborhood: Pacific Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q220002200240026002800300032003400360038004000Rent in $18714172

* 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
Bathgate Elementary School Primary Regular 708 23 7
Newhart Middle School Middle Regular 1,276 51 7
Capistrano Valley High School High Regular 2,384 86 9

Bathgate Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 23
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

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$3,597
Property Tax -$878
Property Insurance -$86
HOA -$138
Property Management Fees -$187
CASH FLOW
-$1,075

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

$3,810

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 3.9%
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-$20k-$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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,597

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$3,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,810

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $3,824

    COMP ESTIMATED VALUE
  • $1.57

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,8003$3,8104$3,8755$3,900
$3,900
RENT COMPS ANALYSIS
  • 27471 Tiara Drive Mission Viejo, CA 3
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,810
    • $1.57
    •  
  • 4 Argento Mission Viejo, CA 1
    • 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1994
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.61
    •  
  • 15 Cantata Drive Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1993
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.60
    •  
  • 26186 Buscador Mission Viejo, CA 4
    • 5 beds 3 baths ∙ 2,525 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,525 Sqft ∙ Built 1980
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,875
    • $1.53
    •  
  • 26206 Buscador Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1980
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.55
    •  
PROPERTY LISTING DETAILS
Dale Babb
Regency Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20230786
Last Updated: 11/02/2020
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