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28031 Oxenberg Mission Viejo, CA 92692

4 Beds 2 Baths 1,317 sqft Built 1986

$709,999

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $539.10
  • 5 Days on Market
  • MLS # : PW20250328
  • Updated Date : 12/04/2020 at 13:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,317 sqft
  • Baths : 2 full
Listing Agent

North Hills Realty

Listing Agent's Description

The Community of California Colony is just a short distance from Lake Mission Viejo for you to enjoy fishing boating, swimming, and more. This is a 4 bedroom and 2 bath home and is plumbed for the 3rd bathroom in the master bedroom for its own privacy. The laminate flooring both upstairs and downstairs. One bedroom and full bath downstairs for that invited guest and is adjacent to the living room which has high ceilings and newer sliders with built-in blinds. The Kitchen has a newer stove and dishwasher and its bright white cabinetry makes this inviting and cheerful to enjoy a cup of coffee. The movable island can be placed in different areas of this nice sized kitchen when you entertain. The glass sliders will take you out to a nice sized yard to enjoy a barbecue with friends. Upstairs has three bedrooms and a full bath for all to utilize and the master has plenty of room to relax. This community has a very low HOA and is also great for investment or first-time buyers. These homes are in a nice area to take long walks. The two-car garage has plenty of room for extra storage. This home is a must-see!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Palm Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019250k300k350k400k450k500k550k600k650k700k750kPrice in $211k787k

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

Neighborhood: Palm Gardens

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q21600180020002200240026002800300032003400Rent in $15883492

* 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
Melinda Heights Elementary School Primary Regular 1,077 38 8
Melinda Heights Elementary School Middle Regular 1,077 38 8
Trabuco Hills High School High Regular 2,960 112 9

Melinda Heights Elementary School

  • Education Level: Primary
  • # of students: 1,077
  • # of teachers: 38
8
GreatSchools Rating

Melinda Heights Elementary School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 38
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating
 

$638,999$780,999$709,999

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,620
Property Tax -$611
Property Insurance -$59
HOA -$70
Property Management Fees -$137
CASH FLOW
-$706

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.

$709,999

PROJECTED PRICE

$2,790

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.24%
Appreciation Year (1-5) 5.1%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,500
Loan Amount $532,499
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $2.12

    LIST RENT PER SQFT
  • $2,769

    COMP ESTIMATED VALUE
  • $2.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,790
1$2,7902$3,0003$3,0004$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 28031 Oxenberg Mission Viejo, CA 1
    • 4 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $2.12
    •  
  • 21771 Tegley Mission Viejo, CA 2
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1988
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.14
    •  
  • 21954 Bahamas Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1986
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.03
    •  
  • 27521 Cabeza Mission Viejo, CA 4
    • 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $2.11
    •  
  • 27461 La Cabra Mission Viejo, CA 5
    • 4 beds 1 baths ∙ 1,500 Sqft ∙ Built 1976 4 beds 1 baths ∙ 1,500 Sqft ∙ Built 1976
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.13
    •  
PROPERTY LISTING DETAILS
Samia Hishmeh
North Hills Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW20250328
Last Updated: 12/04/2020
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