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1 Chatri Circle Lake Forest, CA 92610

3 Beds 3 Baths 1,650 sqft Built 1997

$824,900

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $499.94
  • 18 Days on Market
  • MLS # : OC20251444
  • Updated Date : 01/01/2021 at 12:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,650 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Nestled among rolling hills in the charming community of Foothill Ranch, this lovely and meticulous view home is tucked away on a quiet cul-de-sac street with exceptional curb appeal. The bright & spacious 3 bedroom & 2.5 bath home makes up approx 1650 square feet of comfortable living space. The home’s walls of windows & soaring ceilings lend an airy refinement, with details like a travertine entry, new carpet & designer paint. The home’s stylish formal living & dining rooms make entertaining a cinch, while the family room’s gas fireplace offers warmth. The spacious kitchen features stunning maple cabinetry & a breakfast nook. Custom appointments include a newly painted exterior, inside laundry room and upgraded ½ bath. The master suite is located upstairs & encompasses rich details including a walk-in closet, dual vanity, large soaking bathtub & separate shower. The private backyard offers views, a koi pond and is perfectly located w/ close proximity to Whiting Ranch Wilderness Park & to Foothill Ranch Elementary School.

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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: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019300k350k400k450k500k550k600k650k700k750k800k850k900kPrice in $272k922k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Foothill Ranch

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q22000220024002600280030003200340036003800Rent in $19033818

* 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
Foothill Ranch Elementary School Primary Regular 1,100 38 8
Foothill Ranch Elementary School Middle Regular 1,100 38 8
Trabuco Hills High School High Regular 2,960 112 9

Foothill Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Foothill Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 38
8
GreatSchools Rating

Trabuco Hills High School

  • Education Level: High
  • # of students: 2,960
  • # of teachers: 112
9
GreatSchools Rating
 

$742,410$907,390$824,900

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$3,044
Property Tax -$707
Property Insurance -$67
HOA -$84
Property Management Fees -$156
CASH FLOW
-$868

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.

$824,900

PROJECTED PRICE

$3,190

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.08%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,349

INVESTMENT

$224,349

Down Payment
$206,225
Rehab Estimate
$5,750
Closing Costs
$12,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,225
Loan Amount $618,675
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $1.93

    LIST RENT PER SQFT
  • $3,205

    COMP ESTIMATED VALUE
  • $1.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0503$3,1904$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1 Chatri Circle Lake Forest, CA 3
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $1.93
    •  
  • 58 Parterre Avenue Lake Forest, CA 1
    • 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1996
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.95
    •  
  • 52 Parterre Avenue Lake Forest, CA 2
    • 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1996
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.81
    •  
  • 31 Parterre Avenue Lake Forest, CA 4
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 1996
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.00
    •  
  • 92 Parrell Avenue Lake Forest, CA 5
    • 4 beds 3 baths ∙ 1,743 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,743 Sqft ∙ Built 1996
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $2.01
    •  
PROPERTY LISTING DETAILS
Tim Morissette
Coldwell Banker Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: OC20251444
Last Updated: 01/01/2021
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