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28122 Amable Mission Viejo, CA 92692

3 Beds 3 Baths 2,036 sqft Built 1979

$949,900

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $466.55
  • 5 Days on Market
  • MLS # : OC20225378
  • Updated Date : 11/01/2020 at 09:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,036 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wise Choices Realty

Listing Agent's Description

Stunning panoramic mountain and city lights view home with incredible attention to detail and design located on a peaceful single loaded street. "Pride of Ownership" is the feeling you get from the first moment you see this home, through the well thought out finishes and contemporary colors all the way to the manicured landscaping. Cathedral ceilings meet you as you enter giving a sense of open space with plenty of natural light. Gorgeous stone tile flooring with detailed accents, a custom tiled fireplace, new engineered Bamboo hard wood floors in living room and wrought iron rails separating dining room and living space let you know right away this home is something special. Then step into the kitchen and adjacent family room with three glass sliders all opening out to amazing views and a lush garden backyard. Recent remodeled light and bright gourmet kitchen with quartz countertops including large eat in bar, farm house sink, island, added storage, stunning mother of pearl backsplash, Bosch low decibel dishwasher, Café double oven w/ convection option. The master bedroom really stands out with gorgeous forever views off the spacious deck and a nicely upgraded master bath with tile walk in shower. The backyard has a large covered patio with party lights perfect for entertaining. Share the multi city fireworks displays with friends and family! Large side gate perfect for storing all the toys. All the Mission Viejo Lake amenities at your fingertips. Low HOA and tax rates.

SEE MORE

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
 

$854,910$1,044,890$949,900

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$3,505
Property Tax -$804
Property Insurance -$76
HOA -$75
Property Management Fees -$175
CASH FLOW
-$1,056

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.

$949,900

PROJECTED PRICE

$3,580

PROJECTED RENT

0.38%

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$257,474

INVESTMENT

$257,474

Down Payment
$237,475
Rehab Estimate
$5,750
Closing Costs
$14,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,475
Loan Amount $712,425
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$3,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.76

    LIST RENT PER SQFT
  • $3,594

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,5003$3,5804$3,7505$3,800
$3,800
RENT COMPS ANALYSIS
  • 28122 Amable Mission Viejo, CA 3
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.76
    •  
  • 27941 Sheffield Mission Viejo, CA 1
    • 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 1985
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.76
    •  
  • 28001 Festivo Mission Viejo, CA 2
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1980
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.72
    •  
  • 25086 Whitespring Mission Viejo, CA 4
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.71
    •  
  • 28101 Amargon Mission Viejo, CA 5
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1977
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.87
    •  
PROPERTY LISTING DETAILS
Tom Schulze
Wise Choices Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20225378
Last Updated: 11/01/2020
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