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28471 Pacheco Mission Viejo, CA 92692

3 Beds 2 Baths 1,503 sqft Built 1984

$695,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $462.41
  • 5 Days on Market
  • MLS # : SW21003373
  • Updated Date : 01/07/2021 at 07:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,503 sqft
  • Baths : 2 full
Listing Agent

Lemarkrealty

Listing Agent's Description

Beautifully Upgraded Detached Home in the Highly Desirable Casta Del Sol Community! Your new home has the most popular Rosa floor plan.This CUL DE SAC, two Spacious Bedrooms PLUS A Custom beveled glass Den, Two Bathrooms. Sits on a quiet street with wrap-around private patio, & has an open feeling with Greenbelt in front & backyard.Ungraded Interior attached 2 car garage. Expansive Kitchen has Bay window, newer kitchen cabinets & Stainless Steel appliances.Inviting Living Room With Vaulted Ceilings and A Cozy Fireplace Looks Over The Lush Greenbelt. Master Suite Is Highlighted With Raised Ceilings, Plantation Shutters,Walk-In Closet with built-in cabinets & A Fully Remodeled Custom Bathroom with Jetted bath tub & Modern Accents. Other Desirable Amenities Include: Upgraded Vinyl Windows & Doors, Plantation Shutters & Ceiling Fans throughout home, Wood Flooring, Brand New Top-line HVAC System. Wonderful Community Amenities Including Guarded Security Gates, Pool, Tennis, Bocce Ball, Gym, Clubhouses Adjacent! Conveniently Located Near Mission Viejo Lake.This community is Resort Living at its finest with 2 pools & spas, tennis, paddle tennis, fitness center, lawn bowling, arts & crafts and more! A public 18-hole golf course is nearby and you will especially enjoy A Grandfathered Membership to Lake Mission Viejo for swimming, boating, fishing and even summer concerts, with Access To A Membership That Offers Plenty Of Outdoor Activities. Close To Shopping, Restaurants, Entertaining!

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
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,414
Property Tax -$588
Property Insurance -$63
HOA -$494
Property Management Fees -$141
CASH FLOW
-$821

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.

$695,000

PROJECTED PRICE

$2,880

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $1.92

    LIST RENT PER SQFT
  • $2,871

    COMP ESTIMATED VALUE
  • $1.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,8504$2,8805$2,950
$2,950
RENT COMPS ANALYSIS
  • 28471 Pacheco Mission Viejo, CA 4
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $1.92
    •  
  • 28393 Alava Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1985
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.87
    •  
  • 28515 Barbosa Mission Viejo, CA 2
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1984
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.86
    •  
  • 28552 Pacheco Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1984
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.91
    •  
  • 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
Caroline Graziano
Lemarkrealty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21003373
Last Updated: 01/07/2021
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