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4 Brisa Drive Mission Viejo, CA 92692

3 Beds 3 Baths 1,875 sqft Built 2000

$799,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $426.13
  • 3 Days on Market
  • MLS # : OC21061508
  • Updated Date : 03/26/2021 at 18:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,875 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart, Evergreen Realty

Listing Agent's Description

Recently updated to offer today’s preferred appointments & finishes, this Detached Home is move-in-ready at Painted Trails in Mission Viejo & is certain to enrich your lifestyle. Moments from the scenic Upper Oso Reservoir & surrounded by rolling hills, the detached residence generously accommodates outdoor entertaining on a low-maintenance, wraparound patio with flagstone decking. A covered front porch makes a friendly first impression & leads to an open interior with 3 bedrooms + large upstairs loft & 2.5 baths in approximately 1,875 sq ft. New plank flooring enriches the first level, which hosts a living & dining area, a flex space with patio access, & a newly updated kitchen with nook, fireplace, white cabinetry, granite countertops, an island, pantry, new recessed lighting, subway tile backsplash & stainless steel LG appliances. Crown molding, plantation shutters, custom interior paint, newer exterior paint, new storage in the attached 2-car garage, & new second-floor carpet are featured. Secondary bedrooms are spacious, and the primary suite reveals dual sinks, picture-frame mirrors, a soaking tub, separate shower and walk-in closet. A versatile loft makes a great kid space, home office, media room, or 2nd family room. Painted Trails places residents within easy reach of two pools, parks, lush greenbelts, a basketball court, trails & a playground, great family neighborhood w/ No Mello Roos! Lake Mission Viejo is close by, & award-winning schools serve the community.

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: Painted Trails

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

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

Neighborhood: Painted Trails

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2200022002400260028003000320034003600380040004200Rent in $18714221

* 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
Serrano Intermediate School Middle Regular 1,233 43 7
El Toro High School High Magnet 2,548 98 8
Serrano Intermediate School Middle Unknown NA

Serrano Intermediate School

  • Education Level: Middle
  • # of students: 1,233
  • # of teachers: 43
7
GreatSchools Rating

El Toro High School

  • Education Level: High
  • # of students: 2,548
  • # of teachers: 98
8
GreatSchools Rating

Serrano Intermediate School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,775
Property Tax -$687
Property Insurance -$72
HOA -$347
Property Management Fees -$155
CASH FLOW
-$866

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.

$799,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 4.7%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $3,338

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,1704$3,2005$3,475
$3,475
RENT COMPS ANALYSIS
  • 4 Brisa Drive Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.69
    •  
  • 15 Via Florencia Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.64
    •  
  • 28091 Virginia Mission Viejo, CA 2
    • 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 1986
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.74
    •  
  • 28943 Paseo Theresa Mission Viejo, CA 4
    • 3 beds 1 baths ∙ 1,695 Sqft ∙ Built 1995 3 beds 1 baths ∙ 1,695 Sqft ∙ Built 1995
    LEASED 03/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.89
    •  
  • 21406 Carabela Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $1.85
    •  
PROPERTY LISTING DETAILS
Tim Wolter
Homesmart, Evergreen Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21061508
Last Updated: 03/26/2021
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