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

28132 Paseo Rincon Mission Viejo, CA 92692

4 Beds 3 Baths 2,386 sqft Built 1979

$1,100,000

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $461.02
  • 6 Days on Market
  • MLS # : PW21060280
  • Updated Date : 03/26/2021 at 07:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,386 sqft
  • Baths : 2 full , 1 half
Listing Agent

Major League Properties

Listing Agent's Description

Wonderful opportunity to own a gorgeous Mission Viejo HILLS/CITY LIGHT/SUNSET VIEW home! This beautiful property is located on a quiet, single loaded street and offers numerous upgrades and amenities including: 4 bedrooms plus a loft and 2.5 bathrooms, fabulous kitchen with granite countertops, tile backsplash, custom cabinetry and stainless steel appliances, open to family room with gas fireplace plus built in cabinets, spacious living room with brick fireplace, high ceilings, dining room chandelier, laminate floors downstairs and carpet and tile flooring upstairs, recessed lighting, ceiling fans, upstairs loft, large master bedroom suite with balcony and amazing views, master bathroom with tile floors, tile shower with mosaic inlays, dual sinks, custom soft close vanity and granite countertops, walk in closet, baths 2 and 3 are upgraded with granite countertops, built in soft close vanities, tile floor and accents and newer fixtures, inside laundry, repiped with Pex piping, dual paned vinyl windows, extended garage with built in cabinets, new concrete driveway, spacious private backyard with patio cover and lights, side yard area with decomposed granite, numerous fruit trees, amazing hills/city light and sunset views, award winning Capistrano Unified Schools, a member of the Lake Mission Veijo community and wonderfully located nearby parks and shops.

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: 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
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$3,821
Property Tax -$931
Property Insurance -$85
HOA -$75
Property Management Fees -$188
CASH FLOW
-$1,260

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.

$1,100,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.35%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,840

    LIST RENT
  • $1.61

    LIST RENT PER SQFT
  • $3,991

    COMP ESTIMATED VALUE
  • $1.67

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,7503$3,8404$3,9005$3,950
$3,950
RENT COMPS ANALYSIS
  • 28132 Paseo Rincon Mission Viejo, CA 3
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,840
    • $1.61
    •  
  • 25051 Amberwood Mission Viejo, CA 1
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1987
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.63
    •  
  • 25086 Whitespring Mission Viejo, CA 2
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1987
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.71
    •  
  • 28111 Somerset Mission Viejo, CA 4
    • 5 beds 3 baths ∙ 2,427 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,427 Sqft ∙ Built 1986
    property image
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.61
    •  
  • 27955 Nevado Mission Viejo, CA 5
    • 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1979
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.74
    •  
PROPERTY LISTING DETAILS
Matt Luke
Major League Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: PW21060280
Last Updated: 03/26/2021
BESbswy