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27936 Via Granados Mission Viejo, CA 92692

3 Beds 2 Baths 1,503 sqft Built 1977

$785,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $522.29
  • 5 Days on Market
  • MLS # : OC21017635
  • Updated Date : 01/30/2021 at 14:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,503 sqft
  • Baths : 2 full
Listing Agent

Pillar & Porch

Listing Agent's Description

Brand New REMODEL! This 3 bed, 2 bath home starts with a spacious corner lot on a cul de sac. The upgrades includes an open floor plan combining the living room, dining room and Kitchen. The new kitchen includes new, hard to find Samsung Tuscan Stainless Steel appliances, designer backsplash, white shaker cabinets and quartz countertops. Living room enjoys soaring vaulted ceiling and designer fireplace. . Brand new windows and sliders lead you to your private oasis - newly landscaped side and back patios . The vaulted master bedroom connects to generous master bath that includes dual vanity and a new designer tiled walk-in shower and also includes a walk-in closet. Guest bathroom comes with new tile walk-in shower and quartz vanity. The entire home has new 100% waterproof vinyl plank flooring throughout. Every room has been freshly painted. You'll enjoy the brightly appointed recessed ceiling lights. The 2-car garage has been comes with ample storage cabinets and even attic storage with drop down ladder. THIS NEWLY UPGRADED, GREAT FLOOR PLAN, BEAUTIFUL CORNER LOT HOME won't last long. Casta Del Sol is a 55 plus community.

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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: 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
 

$706,500$863,500$785,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,727
Property Tax -$665
Property Insurance -$63
HOA -$444
Property Management Fees -$143
CASH FLOW
-$1,131

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.

$785,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.37%

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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$75

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.94

    LIST RENT PER SQFT
  • $2,905

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$2,9004$2,9105$2,950
$2,950
RENT COMPS ANALYSIS
  • 27936 Via Granados Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.94
    •  
  • 27792 Via Granados Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.90
    •  
  • 24086 Calendula Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.94
    •  
  • 27932 Torroba Mission Viejo, CA 3
    • 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
    •  
  • 27724 Calle Valdes Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1976
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.96
    •  
PROPERTY LISTING DETAILS
Randy Argue
Pillar & Porch
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21017635
Last Updated: 01/30/2021
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