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27901 Encanto Mission Viejo, CA 92692

4 Beds 3 Baths 2,808 sqft Built 1979

$999,900

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $356.09
  • 3 Days on Market
  • MLS # : OC20249400
  • Updated Date : 12/05/2020 at 19:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,808 sqft
  • Baths : 2 full , 1 half
Listing Agent

Landmark Realtors

Listing Agent's Description

BREATHTAKING PANORAMIC VIEWS! Gorgeous Valley, Saddleback Mountain, twinkling lights and great breezes! This beautiful 4 bedroom, 3 bathroom home is situated on a lush green single loaded highly desirable low traffic street. Nearly every room offers great views including the kitchen, dining room, vaulted-ceiling living room, and BOTH MASTER BEDROOMS. . . one downstairs, and one upstairs! Rarely does a home like this one come on the market. Master bedroom upstairs has a large bonus suite & balcony to basque in the panoramic vistas. A truly remarkable place to call home with a huge upstairs bonus room with wet bar Kitchenette. White mantle gas fireplace is located in the downstairs spacious family room just off the kitchen. Upgraded bathrooms & large downstairs laundry room. Expansive views from the relaxing Northeast facing backyard sanctuary with rose garden, ideal for get-togethers with loved ones. Enjoy brunch in the front courtyard. Located in a quiet neighborhood within walking distance to hiking trails, shopping, dining, schools, parks and public transportation. MV offers 54 parks, La Paws Dog Park & Oso Creek Trail nearby, Lake Mission Viejo membership. Enjoy concerts on the lake, fishing, boating, and recreation. Low tax rates w/no Mello-Roos, & Blue Ribbon schools (Elementary school: Reilly or Castille. Middle school: Fred Newhart High school: Capistrano Valley School district: Capistrano Unified.). Amazing opportunity to call this gem your Home Sweet Home!

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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: Oso Valley Greenbelt

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Oso Valley Greenbelt

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q218002000220024002600280030003200340036003800Rent in $17153818

* 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
 

$899,910$1,099,890$999,900

PURCHASE PRICE

$3,834$4,686$4,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$3,689
Property Tax -$847
Property Insurance -$95
HOA -$41
Property Management Fees -$209
CASH FLOW
-$620

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.

$999,900

PROJECTED PRICE

$4,260

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.1%
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-$10k$0.0$10k$20k$30k

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$270,724

INVESTMENT

$270,724

Down Payment
$249,975
Rehab Estimate
$5,750
Closing Costs
$14,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,689

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,975
Loan Amount $749,925
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$27,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,260

    LIST RENT
  • $1.52

    LIST RENT PER SQFT
  • $4,373

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0003$4,0004$4,1505$4,260
$4,260
RENT COMPS ANALYSIS
  • 27901 Encanto Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,808 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $4,260
    • $1.52
    •  
  • 24981 Via Marfil Mission Viejo, CA 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1973
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.53
    •  
  • 24 Amato Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1994
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.59
    •  
  • 57 Hawk Mission Viejo, CA 3
    • 5 beds 3 baths ∙ 2,620 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,620 Sqft ∙ Built 1996
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.53
    •  
  • 35 Hawk Hill Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1997
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.58
    •  
PROPERTY LISTING DETAILS
Andy Galfi
Landmark Realtors
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20249400
Last Updated: 12/05/2020
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