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

28126 Calle Casal Mission Viejo, CA 92692

3 Beds 1 Baths 1,334 sqft Built 1973

$629,900

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $472.19
  • 3 Days on Market
  • MLS # : OC20239111
  • Updated Date : 11/13/2020 at 15:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,334 sqft
  • Baths : 1 full
Listing Agent

Regency Real Estate Brokers

Listing Agent's Description

CASTA DEL SOL-55 PLUS SENIOR COMMUNITY IN BEAUTIFUL MISSION VIEJO, CA 92692. THIS 3 BEDROOM, 1.75 BATHS HOME HAS BRAND NEW CARPETING AND FRESH PAINT. VERY WELL LOCATED AT ONE OF THE HIGHER POINTS IN THE COMMUNITY OF GENTLE ROLLING HILLS AND THIS HOME HAS A FOREVER VIEW AND DOES NOT BACK UP DIRECTLY TO A STREET OR ANOTHER HOME. THIS SPECIFIC HOME ALSO HAS AN ATTACHED 2 CAR FULL SIZE GARAGE WITH DIRECT ACCESS PLUS A DRIVEWAY FOR EXTRA PARKING.

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: 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
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,324
Property Tax -$533
Property Insurance -$59
HOA -$394
Property Management Fees -$126
CASH FLOW
-$867

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.

$629,900

PROJECTED PRICE

$2,570

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $2,575

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,570
1$2,5702$2,7503$2,8004$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 28126 Calle Casal Mission Viejo, CA 1
    • 3 beds 1 baths ∙ 1,334 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,334 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $1.93
    •  
  • 28236 Zurburan Mission Viejo, CA 2
    • 3 beds 1 baths ∙ 1,472 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,472 Sqft ∙ Built 1979
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.87
    •  
  • 28021 Via Unamuno Mission Viejo, CA 3
    • 3 beds 1 baths ∙ 1,459 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,459 Sqft ∙ Built 1973
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.92
    •  
  • 23763 Calle Azorin Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1980
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.93
    •  
  • 23761 Calle Azorin Mission Viejo, CA 5
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1979
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $2.00
    •  
PROPERTY LISTING DETAILS
Doug Ward
Regency Real Estate Brokers
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20239111
Last Updated: 11/13/2020
BESbswy