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27496 Limones Mission Viejo, CA 92691

3 Beds 3 Baths 1,936 sqft Built 1978

$815,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $420.97
  • 4 Days on Market
  • MLS # : LG21009193
  • Updated Date : 01/14/2021 at 20:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,936 sqft
  • Baths : 3 full
Listing Agent

Active Realty Inc

Listing Agent's Description

Lovely 3 bedroom, 3 full bathroom, 2 story home on a large lot in the community of Mission Viejo! Enjoy a gated, private courtyard entry to the living room with an inviting fireplace. The kitchen offers elegant wood cabinetry, stainless steel appliances, and views to the outdoors. The primary bedroom features ample closet space, high ceilings, and a walk-in shower in the primary bathroom. Additional property highlights include the spacious back yard, patio, laundry room, and 2 car garage. Convenient to area shopping plazas, markets, and easy access to major freeways!

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
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
 

$733,500$896,500$815,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$2,831
Property Tax -$702
Property Insurance -$74
HOA -$42
Property Management Fees -$172
CASH FLOW
-$321

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.

$815,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.43%

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$25k$30k

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$221,725

INVESTMENT

$221,725

Down Payment
$203,750
Rehab Estimate
$5,750
Closing Costs
$12,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,831

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $203,750
Loan Amount $611,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$27,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $1.81

    LIST RENT PER SQFT
  • $3,611

    COMP ESTIMATED VALUE
  • $1.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6003$3,6004$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 27496 Limones Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.81
    •  
  • 21312 Spruce Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1986
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.84
    •  
  • 27795 Higuera Mission Viejo, CA 3
    • 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1977
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.80
    •  
  • 21902 Camargo Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1978
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.88
    •  
  • 28062 Singleleaf Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 1986
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.94
    •  
PROPERTY LISTING DETAILS
Justin Tye
Active Realty Inc
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: LG21009193
Last Updated: 01/14/2021
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