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

28525 Barbosa Mission Viejo, CA 92692

3 Beds 2 Baths 1,472 sqft Built 1984

$649,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $440.90
  • 7 Days on Market
  • MLS # : OC20263159
  • Updated Date : 12/31/2020 at 15:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full
Listing Agent

@vantage Real Estate

Listing Agent's Description

"Welcome to 28525 Barbosa in the 55+ community of Casta Del Sol. The moment you enter the home you will notice the Light, Bright, Fresh, Spacious entry. The new wide plank tile floors, and custom paint, leading you into the inviting, high ceilinged living room with a floor to ceiling fireplace. The entire house has new electrical, new light fixtures and recessed lighting. Dual paned windows, new carpets and Ceiling fans in each bedroom. The kitchen has new Quartz countertops, tile floors and stainless steel sink. Large dining room which looks out onto the lovely trellised patio, backed by a greenbelt and planted slope. The garage houses the laundry area as well as tons of storage. Casta Del Sol, sits on 484 acres with mature trees and green belts throughout. It truly has something for everyone. Hiking and walking trails, meeting rooms, 2 newly renovated Recreation centers, library, Pool and Spa, tennis and pickle ball, bocce ball, catering kitchen, gardening in vegetable and fruit plots. Twenty four hour guard gated security and No MELLO ROOS . A short distance away you will enjoy access to the Mission Viejo Lake with its beaches, fishing and boat rentals. Casta Del Sol Public Golf Course is right around the corner and features 18 holes. Close to shopping, senior and community center, City hall and a public Library. You will love living at Casta Del Sol

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: 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
 

$584,100$713,900$649,000

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 -$2,395
Property Tax -$550
Property Insurance -$63
HOA -$441
Property Management Fees -$136
CASH FLOW
-$813

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.

$649,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.43%

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$10k

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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$810

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
  • $1.88

    LIST RENT PER SQFT
  • $2,760

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$2,8003$2,8004$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 28525 Barbosa Mission Viejo, CA 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.88
    •  
  • 28393 Alava Mission Viejo, CA 2
    • 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
    •  
  • 28286 Zurburan Mission Viejo, CA 3
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1980
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.86
    •  
  • 28515 Barbosa Mission Viejo, CA 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Rita Haupt
@vantage Real Estate
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20263159
Last Updated: 12/31/2020
BESbswy