Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

28071 Wentworth Mission Viejo, CA 92692

3 Beds 2 Baths 1,191 sqft Built 1987

$715,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $600.34
  • 5 Days on Market
  • MLS # : OC21006603
  • Updated Date : 01/21/2021 at 18:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,191 sqft
  • Baths : 1 full , 1 half
Listing Agent

Compass

Listing Agent's Description

**CAPE COD CLASSIC** Located in the highly sought-after tract of California Colony in Mission Viejo. This home features recent remodeled exteriors and interiors such as front/back landscaping, flooring, painting, master bath and much more. As you enter thru the newly remodeled front entry into the home, you’ll notice the nicely refinished oak wood floors thru-out the main level, stepping into your living room with vaulted ceilings and a cozy fireplace, dining area and upgraded kitchen with granite counters and plenty of cabinetry space. As a bonus you’ll find a main floor bedroom / office with built in cabinets and desk area with a walk-in closet. Upstairs you'll find a spacious master, and an oversized secondary bedroom with dormers as an added architectural feature of the home. In between both bedrooms you'll find the newly remodeled bathroom. The spacious entertaining yard offers plenty of privacy which backs up to a green belt with plenty of space for everyone to enjoy with a patio cover, fire pit, artificial turf, fruit trees, shed and access to your 2-car garage. Perfectly located close to shopping, dining and the Mission Viejo Lake. Once you enter this unique neighborhood and home you'll fall in love.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 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
 

$643,500$786,500$715,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,483
Property Tax -$615
Property Insurance -$56
HOA -$70
Property Management Fees -$136
CASH FLOW
-$590

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.

$715,000

PROJECTED PRICE

$2,770

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-$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$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,483

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$8,103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $2.33

    LIST RENT PER SQFT
  • $2,516

    COMP ESTIMATED VALUE
  • $2.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$2,9503$3,0004$3,0005$3,150
$3,150
RENT COMPS ANALYSIS
  • 28071 Wentworth Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,191 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,191 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $2.33
    •  
  • 21934 Mirador Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.14
    •  
  • 21771 Tegley Mission Viejo, CA 3
    • 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 4
    • 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
    •  
  • 27512 Velador Mission Viejo, CA 5
    • 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1977
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $2.14
    •  
PROPERTY LISTING DETAILS
Janet Campbell
Compass
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC21006603
Last Updated: 01/21/2021
BESbswy