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27882 Calle Marin Mission Viejo, CA 92692

3 Beds 2 Baths 1,575 sqft Built 1972

$770,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $488.89
  • 5 Days on Market
  • MLS # : OC21003241
  • Updated Date : 01/08/2021 at 13:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Re/max First Class

Listing Agent's Description

On top of the world with panoramic city and sunset views! Totally remodeled home with beautiful new kitchen. New kitchen cabinets, counter tops, and stainless steel appliances including refrigerator. Both bathrooms are remodeled with top of the line fixtures and components. Double vanity sink in master bathroom with beautiful barn door and his and hers closets. All closets have custom closet organizers. New wood/laminate floors throughout. Home has the patio enclosed with additional space for a home office. This is a customized Guadalupe floor plan with two bedrooms, two baths, den and separate office space. Approximately 1575 square feet of luxury. New windows and sliders. New double door at entry. New front porch tile. New LED light fixtures throughout. Newer heating and air conditioning system. Newer six panel doors and new hardware throughout. The home has been completely REPIPED. New hot water heater. Large enclosed and covered patio with forever views. Truly a beautiful place to call home. Community is spread throughout 484 acres with mature trees & beautiful hills. Association offers two recreation center which offers pool, spa, club house, tennis, gym, paddle tennis, shuffleboard courts, billiards & much more. Trash pickup & outside painting are covered by the association. This is a 55+

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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: Casta del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $239k787k

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

Neighborhood: Casta del Sol

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21600180020002200240026002800300032003400Rent in $15053492

* 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
 

$693,000$847,000$770,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,675
Property Tax -$652
Property Insurance -$65
HOA -$393
Property Management Fees -$137
CASH FLOW
-$1,122

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$770,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.38%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$209,800

INVESTMENT

$209,800

Down Payment
$192,500
Rehab Estimate
$5,750
Closing Costs
$11,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,500
Loan Amount $577,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$72

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.78

    LIST RENT PER SQFT
  • $3,024

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8003$2,8004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 27882 Calle Marin Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.78
    •  
  • 27726 Via Rodrigo Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1977
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.83
    •  
  • 28021 Via Unamuno Mission Viejo, CA 2
    • 3 beds 1 baths ∙ 1,459 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,459 Sqft ∙ Built 1973
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.92
    •  
  • 27932 Torroba Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1977
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.93
    •  
  • 28172 Via Pondal Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1972
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.00
    •  
PROPERTY LISTING DETAILS
Kelly Arshi
Re/max First Class
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21003241
Last Updated: 01/08/2021
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